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Latest: Asia Stock Market News

Russia-Ukraine War Puts Indian Wheat in Spotlight
Russia-Ukraine War Puts Indian Wheat in Spotlight

Egypt is reeling from a surge in bread and flour prices after Russia's invasion of Ukraine closed off access to lower-priced Black Sea wheat

Covid-19 Outbreaks Stall Shanghai, Shenzhen IPOs Worth $9bn
Covid-19 Outbreaks Stall Shanghai, Shenzhen IPOs Worth $9bn

Over the past week, 15 companies seeking IPOs on Shanghai's tech-focused STAR Market have suspended listing applications, almost all citing impact from the epidemic

US Prosecutors Cast Doubt on Wife’s Testimony in 1MDB Trial
US Prosecutors Cast Doubt on Wife’s Testimony in 1MDB Trial

Hwee Bin Lim testified she received around $35 million as a return on an investment, but prosecutors say that money represented kickbacks

China’s Largest Banks Warn of Multiple Economic Headwinds
Japanese Yen Caught in Downward Spiral – Nikkei Asia
India Stands by Trade With Russia as Lavrov Set to Visit
Japan, US to Keep Close Watch on FX as Yen Hits 6-Year Low
Asian Shares Climb as Oil Eases on Shanghai Lockdown Fears
China’s Top Bankers Sleep in Offices as Shanghai Locks Down
Oil States Choose Weaker US Ties Over More Output – Barron’s

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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