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Latest: Asia Stock Market News

Huawei Pays $9.6bn in Dividends to Current and Retired Staff
Huawei Pays $9.6bn in Dividends to Current and Retired Staff

Huawei paid out dividends totalling 61.4 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, a filing with the Shanghai Clearing House shows

Musk Posts Poll for Twitter Edit Button, CEO Says Vote Carefully
Musk Posts Poll for Twitter Edit Button, CEO Says Vote Carefully

Poll comes after Tesla CEO disclosed a 9.2% stake in Twitter earlier in the day, worth nearly $3 billion, that made him the micro-blogging site's largest shareholder

China’s Shein Valued at $100Bn in Funding Round – WSJ
China’s Shein Valued at $100Bn in Funding Round – WSJ

China-based fast-fashion seller now worth more than H&M and Zara combined

Russia, China Woes Risk Worst Default Wave Since 2009 – JPMorgan
Global Growth Outlook Darkens on Rate Hikes: Chart of the Day
Musk Discloses 9.2% Stake in Twitter Sending 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

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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