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Latest: Asia Stock Market News

China Trims ‘Negative List’ of Investment Prohibitions
China Trims ‘Negative List’ of Investment Prohibitions

The 2022 list of industries that are restricted or prohibited has been cut to 117, according to a National Development and Reform Commission document, from 123 the previous year

China’s JD Logistics Plans to Raise $1.1bn in Share Sale
China’s JD Logistics Plans to Raise $1.1bn in Share Sale

The deal consists of a placement of about $700 million worth of shares to its parent company JD.com and about $400 million in a primary share sale

China Knows Its Economic Future is Tied to West, Says Biden
China Knows Its Economic Future is Tied to West, Says Biden

The Biden administration has been pressuring China to refrain from supporting Russia including by helping it counter Western sanctions and providing military assistance

New Zealand Media Firm NZME Seeks Google Content Deal
Hong Kong Clings to Finance Hub Ranking – SCMP
Bank’s Microloans Top 1tn Yuan – Shanghai Securities News
Invesco Backs Off From Zee Board Changes – Nikkei Asia
‘Unprecedented’ China Cash Flows May be Linked to Russia: IIF
Asian Stocks Edge Back After Biden Warns Beijing on Russia
Japan Prosecutors Urge SMBC Nikko Executive to Surrender

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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