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Latest: Asia Stock Market News

China’s Weak Yuan Also Suggests a Weak Stock Market: UBS
China’s Weak Yuan Also Suggests a Weak Stock Market: UBS

Transport, banks and materials stocks had a higher share price correlation with the exchange rate, perhaps because they are more affected by general economic conditions

DBS Hong Kong to Help Fund Chinese-Built Wind Farm
DBS Hong Kong to Help Fund Chinese-Built Wind Farm

Project Ivovik will be the European country's biggest wind farm and largest-ever investment in renewable energy sources by a Chinese enterprise

Hong Kong’s Gusto Raises $11m to Boost Web3 Services
Hong Kong’s Gusto Raises $11m to Boost Web3 Services

The company has partnered with Hong Kong’s largest wireless mobile operator, CSL, to create 5G AR experiences through an app it created

India’s LIC Will Bounce Back From Lukewarm IPO: Analysts
Binance Sees $1.6 Billion Evaporate on TerraUSD-Luna Crash
Tencent Music Revenue Falls in First Quarter as Shares Jump
Asian Shares Boosted by Signs China is Winning Covid Fight
Zhongliang Gets Nod to Swap Most 2022 Bonds to New Notes
Tough Rules, Competition Stifling China Startup IPO Plans – Nikkei
India’s Record IPO Set for a Soft Debut on Bearish Sentiment

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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