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Latest: Asia Stock Market News

CNOOC Plans to Raise $5.5bn from Shanghai Listing
CNOOC Plans to Raise $5.5bn from Shanghai Listing

The state-owned oil giant said in a prospectus it plans to sell 2.6 billion shares on April 12 and list on the Shanghai Stock Exchange

China Vanke Expects Profit to Stabilise After Property Slump
China Vanke Expects Profit to Stabilise After Property Slump

The company's chairman said profit in 2022 may see some growth because it has 710 billion yuan in sales from last year that have yet to be booked

Australian Uranium Miners Vimy, Deep Yellow in $495m Merger
Australian Uranium Miners Vimy, Deep Yellow in $495m Merger

Uranium prices, which plunged after the 2011 Fukushima nuclear disaster in Japan, have surged in the past year as more nuclear power stations are set to be built globally

Sri Lanka Stock Market Chops Trading Hours Amid Power Cuts
China-US Audit Row Hinges on ‘Wisdom of Both’, Says CSRC
US SEC Flags Crypto, ESG as Top Monitoring Priorities
India’s SBI Plans to Offload Smaller Non-Performing Loans
China Developers Call for More State Help to Weather Crisis
Indonesia’s GoTo Sets $1.1bn IPO Fundraising Target
US Weighs Largest-Ever Draw From Emergency Oil Reserve

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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