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Latest: Asia Stock Market News

China to Conduct Cybersecurity Review of Ride-Hailer Didi Global
China to Conduct Cybersecurity Review of Ride-Hailer Didi Global

The company upset Chinese regulators by pushing ahead with a $4.4 billion listing in the US despite being asked to put it on hold. Shareholders will vote on its US delisting plan on May 23.

China’s Currency Falls to 19-Month Low Against Dollar
China’s Currency Falls to 19-Month Low Against Dollar

Nomura said yuan depreciation could also add modest inflationary pressures, as China is the world’s largest importer of energy and agricultural products

Hong Kong Props Up Local Currency Amid Capital Outflows
Hong Kong Props Up Local Currency Amid Capital Outflows

The Hong Kong Monetary Authority bought almost HK$1.6 billion ($202 million) of the territory's currency after it fell to its lower limit of HK$7.85 in New York trading hours

Cathie Wood’s ARK Fund Plunges on Coinbase Results
Vietnam Keen on US Asian Plan but Calls for More Details
Pentagon Backs US Funding For Strategic Mining in Australia, UK
China Developer Sunac Misses $750m Bond Interest Payment
Asian Stocks Mixed as Markets Await US Inflation Data
VinFast May Put Off IPO To Next Year Amid Volatile Markets
US-Listed Property Platform KE Makes Hong Kong Debut

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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