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Latest: Asia Stock Market News

GrainCorp Profit Set to Soar as War Hits Wheat Supply
GrainCorp Profit Set to Soar as War Hits Wheat Supply

The Australian agribusiness company has benefitted from supply constraints due to the Ukraine war, while its shares have risen to a record high

Indian Central Bank Holds Key Rate at Record Low
Indian Central Bank Holds Key Rate at Record Low

The monetary policy committee held the lending rate, or the repo rate, at 4% as governor Shaktikanta Das said the panel also voted to maintain an "accommodative" stance

Australia’s Central Bank Warns of Looming Rise in Interest Rates
Australia’s Central Bank Warns of Looming Rise in Interest Rates

In its semi-annual financial stability review, the Reserve Bank of Australia emphasised the financial system was sound and banks were well capitalised

Rusal Breaks Ranks, Calls for Ukraine War Crimes Probe
Shenzhen Pushes Innovative Fintech Apps – Global Times
Germany Gives Green Light to CATL EV Battery Cell Plant
Tesla to Recall 127,785 Model 3s in China, Regulator Says
Asia Stocks Suffer on Fed Hike Signals, Covid in China
Facebook Owner Meta in New ‘Zuck Bucks’ Finance Push – FT
UN Agency Urges China to Accelerate Green Energy Plan

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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