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Latest: Asia Stock Market News

Alibaba Raises Share Buyback Size to a Record $25bn
Alibaba Raises Share Buyback Size to a Record $25bn

Alibaba's shares rose 4.5% in Hong Kong after the news, while in the United States, its shares closed down 4.3% on Monday

Evergrande Units Say ‘Drastic Changes’ Will Delay 2021 Results
Evergrande Units Say ‘Drastic Changes’ Will Delay 2021 Results

Debt-laden Chinese developer says annual results can't be revealed on March 31 as new audit procedures have been added amid revamp of its operations since second half of last year

Asian Stocks Flat as Ukraine War Rages On, Oil Climbs
Asian Stocks Flat as Ukraine War Rages On, Oil Climbs

Asia’s major markets saw minor gains and losses as the continuing conflict in Eastern Europe and central bank tightening dampened the mood

Saudi Arabia Back as China’s Top Crude Oil Supplier
China Approves Three Sci-tech Innovation IPOs – Xinhua
HK, Singapore Investors Tread Carefully on SPAC Listings – Nikkei
China Seeks Stable Farm Output Amid Covid Control Measures
China Assets Appealing to Foreign Investors – Securities Times
Ferretti Launches Hong Kong IPO to Raise Up To $301m
China Regulator to Further Improve REIT Mechanism – Xinhua

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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