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Latest: Asia Stock Market News

Some China Refineries Buy Russian Oil Very Cheaply – FT
Some China Refineries Buy Russian Oil Very Cheaply – FT

The secretive deals put the spotlight on how importers keep off established routes to buy Russian oil at cheap rates

China’s Covid Curbs Brew Up Sales Trouble for Starbucks
China’s Covid Curbs Brew Up Sales Trouble for Starbucks

Comparable sales in China declined 23%, reversing the rapid expansion there in recent years and overshadowing 12% growth in North America and 7% globally

Private Equity Making Huge Push Into Crypto Assets
Private Equity Making Huge Push Into Crypto Assets

The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook

Elon Musk Plans to Relist Twitter After Buyout – WSJ
China’s Tech Crackdown May Give it an Edge – The Diplomat
Outspoken China Analyst Has Social Media Accounts Shut Down
Asian Stocks Dip as Rate Hikes, Recession Threat Loom
HSBC Shares Climb on Ping An’s Call to Split Bank Up
Alibaba Shares Rebound After Report of Action Against ‘Ma’
Asian Stocks Face Brunt of China Curbs, Ukraine Crisis – Nikkei

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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