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Latest: Asia Stock Market News

Yango and Greenland Shares Jump on News of State Support
Yango and Greenland Shares Jump on News of State Support

Yango and Greenland shares shot up on Monday after news the two struggling developers have won help from state entities to manage their debt crises

China Coal Imports Rise 24%, Oil Imports Near 4-Year Low
China Coal Imports Rise 24%, Oil Imports Near 4-Year Low

A heatwave spurred power generators in China to ramp up purchases of coal in July by 24% over the previous month, driven by greater use of air conditioners in many cities.

China Sees Record Trade Surplus as Exports Surge 18% in July
China Sees Record Trade Surplus as Exports Surge 18% in July

China posted a record overall trade surplus in July of over $101 billion, with exports up 18% from 2021, while imports rose 2.3%, which suggests consumption is soft.

Alibaba Shed 9,200 Employees in June Quarter – SCMP
SoftBank’s Vision Fund May Take $10bn First-Quarter Loss
Asia Stocks Lifted by China Stimulus Hopes, Earnings
As Hong Kong IPOs Flop, Outlook For Second Half Dims
Asia’s Harsh Weather Threatens Rice Price Hike
Dollar Edges up After Fall Thursday Ahead of Key Jobs Data
Li Ka-shing Group Distances Itself From AMTD Digital – FT

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Markets: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors