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Latest: Asia Stock Market News

Shortage of Russian, Ukrainian Crew Hits Shippers – Straits Times
Shortage of Russian, Ukrainian Crew Hits Shippers – Straits Times

They noted at the Asia Pacific Maritime conference in Singapore that the war is affecting a growing number of seafarers from Russia and Ukraine

China Property Stocks Soar as Tax is Shelved
China Property Stocks Soar as Tax is Shelved

The Hang Seng Mainland Properties Index surged almost 18% after the Ministry of Finance said it is the wrong time to expand property tax trials.

China Plans Audit Concession Over US Delisting Threat – FT
China Plans Audit Concession Over US Delisting Threat – FT

Stalemate on financial disclosure rules threatens more than $2tn of shares in US-listed Chinese companies

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
Chanel Fights South Korean Bulk Buyers Reselling Bags
Emerging Asia Bonds Attract Inflows for 21st Straight Month
Australia’s ASX Halts Futures, Options Trading After Glitch

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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