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Latest: Asia Stock Market News

US Ban on Xinjiang Could Hit Global Solar Panel Industry
US Ban on Xinjiang Could Hit Global Solar Panel Industry

US Customs and Border Protection has begun enforcing the Uyghur Forced Labor Prevention Act (UFLPA), which President Joe Biden signed into law in December

S&P Downgrades China’s Greenland Over Bond Extension
S&P Downgrades China’s Greenland Over Bond Extension

Ratings agency S&P Global downgraded Greenland to "selective default" on Wednesday after the state-backed property developer extended the maturity of $488 million in bonds

Bank of Japan Minutes Show Board Split On Plunging Yen
Bank of Japan Minutes Show Board Split On Plunging Yen

While one board member said a weak yen benefitted the economy given the global downturn, others were worried about excessive currency volatility

BlackRock Slashes Monthly Fees for China Funds – Ignites Asia
Prime Infrastructure Poised to Launch Philippines’ Biggest IPO
Sri Lanka Creditors Form Group for Debt Restructuring Talks
Explainer: Why China’s Yuan is Weak and May Get Even Weaker
Asia Stock Markets Rebound as Bargain-Buyers Swoop
China Lithium Producer Tianqi Plans $1bn Hong Kong IPO – WSJ
Asia Stocks Slip as Global Recession Threat Looms Large

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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