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Latest: Asia Stock Market News

Biden, Modi to Speak as US Warns on Russian Energy Imports
Biden, Modi to Speak as US Warns on Russian Energy Imports

Presi­dent Joe Biden will talk to Indian leader Narendra Modi on Monday, at a time when the US has made clear it does not want to see a big uptick in Russian energy imports by India

Chinese Oil Giant CNOOC to Raise $4.4bn in Shanghai Listing
Chinese Oil Giant CNOOC to Raise $4.4bn in Shanghai Listing

Chinese oil giant CNOOC said on Monday it will raise 28.08 billion yuan ($4.4 billion) in a listing in Shanghai, after setting the price for what will be the mainland 11th-biggest public stock offering

Indonesia’s GoTo Soars on Debut, Sets Tone For Sector
Indonesia’s GoTo Soars on Debut, Sets Tone For Sector

GoTo shares climbed to 416 rupiah (3 US cents) versus the 338 rupiah offer price per share, at the high end of an indicative range for one of the world's largest offerings so far this year

China Developer Zhenro Defaults on Two Offshore Bonds
EU Turns to Indonesia, Malaysia for Palm Oil – NST
Foreign Cash Flees China as Investors Shun Autocracies – Nikkei
Japan Gas Appetite Creates Russia Dilemma – FT
Lockdown Puts China Agriculture in Jeopardy – Sixth Tone
Indebted Sri Lanka Needs $3bn to Restore Basic Supply Chains
China Government Bond Outflows Hit 7-Year High on Russia Sales

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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