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Latest: Asia Stock Market News

Vale’s Indonesian Unit Signs Nickel Deal With China Partner
Vale’s Indonesian Unit Signs Nickel Deal With China Partner

Vale will supply nickel ore for the facility that will use high-pressure acid leaching (HPAL) to produce up to 120,000 tonnes of nickel content per year

China Economy in Worst Shape in 30 Years, Says PAG – FT
China Economy in Worst Shape in 30 Years, Says PAG – FT

Weijian Shan, whose Hong Kong-based group PAG manages more than $50 billion, told a meeting that he would diversify away from the country

China Stocks Boosted by Stimulus Pledge, Falling Covid Cases
China Stocks Boosted by Stimulus Pledge, Falling Covid Cases

China’s Premier Li Keqiang promised to revive disrupted supply chains, as a further fall in daily Covid cases in the country also lifted sentiment across the region

Huawei Revenues Drop 13.9% as Handset Share Declines
StanChart Profit Rises 6% Despite Covid Hit to China Units
Yen Plunges as BoJ Vows to Hold Bond Yields at Zero
China’s BYD Posts 241% Profit Rise on EV, Battery Demand
Archegos Founder Hwang Faces 11 Charges – Telegraph
Chinese Display Company Ostin Soars 890% in Nasdaq Debut
China’s Sinopec Posts Profit Rise, Takes Hit on LNG Imports

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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