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Latest: Asia Stock Market News

PE Managers Seek Hollywood Star Power – FT
PE Managers Seek Hollywood Star Power – FT

Azimut Group has bought a 10% stake in BroadLight Holdings, cofounded by Rick Yorn, a talent agent, and his brother Kevin Yorn, an entertainment lawyer

Freeport Seeks $3bn for Copper Smelter – Jakarta Post
Freeport Seeks $3bn for Copper Smelter – Jakarta Post

The bonds, which will be issued on April 14, come in three tranches with coupons ranging from 4.76% to 6.2% and maturity dates from 2027 to 2052

China Vows to Help Sri Lanka Debt – Times of India
China Vows to Help Sri Lanka Debt – Times of India

Saddled with a huge foreign exchange crisis, Sri Lanka on Tuesday suspended servicing external public debt pending the completion of its IMF discussions

Taiwan iPhone Maker Pegatron Halts Work at Two China Plants
How India’s Tech IPO Boom Turned to Bust
China Stocks Boosted by Hopes of Easing Covid Curbs, Stimulus
Bosch Suspends Work at Two China Plants Due to Covid Curbs
Daily Journal Halves Stake in China’s Alibaba as Munger Retires
China Urges Firms, Investors to Buy Stocks to Stabilise Market
China, Hong Kong Stocks Slump as Covid Lockdowns Bite

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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