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Latest: Asia Stock Market News

China’s Sinopec Posts Profit Rise, Takes Hit on LNG Imports
China’s Sinopec Posts Profit Rise, Takes Hit on LNG Imports

The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020

Samsung Banks on Chip Demand as Profits Rise 51%
Samsung Banks on Chip Demand as Profits Rise 51%

South Korean electronics giant warns shortage of parts may continue this year

China Stocks Rally But Still Set for Worst Fall in Six Years
China Stocks Rally But Still Set for Worst Fall in Six Years

Chinese investors were lifted by signals that Beijing would prioritise growth but its markets are still set for their largest monthly fall since 2016

China Stocks Looking at Worst Month in Six Years – FT
Hong Kong Stock Exchange Profits Fall 30% in First Quarter
Chinese-Owned Mine in Peru Plans to Evict Indigenous Settlers
Australia Inflation Soars as Country Braces for Tight Election
Samsung to Take Green Power Pledge in Shift to Renewable Energy
Vietnam Plans Renewable Energy Projects to Reduce Coal Use
Australian Lender Names New Chair After Years of Tumult

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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