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Latest: Asia Stock Market News

Fidelity China Trust Halves But Won’t Fall Further – Telegraph
Fidelity China Trust Halves But Won’t Fall Further – Telegraph

But there are several reasons to think that the price of the Fidelity China Special Situations trust has fallen as far as it can

Crypto Startups Moonlight as VC Investors – The Information
Crypto Startups Moonlight as VC Investors – The Information

At least eight highly valued crypto startups — ranging from exchange Gemini to peer-to-peer payments group Circle — have launched VC arms

China Reignites Mothballed Coal-Fired Power Plants – Caixin
China Reignites Mothballed Coal-Fired Power Plants – Caixin

The move comes after a storm of coal-related issues drove widespread power outages and rationing around the country in September and October 2021

Shortage of Russian, Ukrainian Crew Hits Shippers – Straits Times
China Property Stocks Soar as Tax is Shelved
China Plans Audit Concession Over US Delisting Threat – FT
Asian Markets Rally Again After Fed Rate Rise, China Boost
China Stocks Extend Surge on State Backing, Ukraine Hopes 
China Cyberspace Regulator Sets Out ‘Clean’ Campaign Goals
Surging Metals Prices Put a Dent in Baosteel’s Profits

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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