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Latest: Asia Stock Market News

Russia, China Woes Risk Worst Default Wave Since 2009 – JPMorgan
Russia, China Woes Risk Worst Default Wave Since 2009 – JPMorgan

US bank has warned that the combination of Russia's war in Ukraine and China's property crash could see the worst wave of corporate defaults since the global financial crisis

Global Growth Outlook Darkens on Rate Hikes: Chart of the Day
Global Growth Outlook Darkens on Rate Hikes: Chart of the Day

As central banks tighten monetary policies, the credit impulse is likely to turn negative, slowing global economic growth.

Musk Discloses 9.2% Stake in Twitter Sending Shares Soaring
Musk Discloses 9.2% Stake in Twitter Sending Shares Soaring

Tesla chief executive Elon Musk has built a 9.2% holding in Twitter, a regulatory filing showed on Monday, sending the micro-blogging site's shares soaring

Biden Rebuffed as Ties With Saudi, UAE Hit New Low – Guardian
Asian Stocks Advance as Tech Firms Lead Hong Kong Charge
CanSinoBIO’s mRNA Covid Vaccine Cleared For Trials in China
Sri Lankan Bid for Unity Government to Solve Economic Crisis
Economic Shift Guides Gulf States on Oil – China Daily
Tokyo Bourse’s Prime Section Debuts with 1,839 Firms – Nikkei
Chinese Trade With Russia Feels Sting of Ukraine, Sanctions

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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