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Latest: Asia Stock Market News

Yuan Holds No. 4 Spot in World Payments Rankings – Xinhua
Yuan Holds No. 4 Spot in World Payments Rankings – Xinhua

In terms of international payments, excluding payments within the eurozone, the yuan ranked fifth with 2.29% in January 2022

Indonesia Tips Rise in Local Currency Settlements – Jakarta Post
Indonesia Tips Rise in Local Currency Settlements – Jakarta Post

Bank Indonesia reports that transactions using the local currency settlement facility reached $2.53 billion in 2021, more than double the value recorded in 2020

India’s Tax Agency Raids Ex-NSE Chief – The Hindu
India’s Tax Agency Raids Ex-NSE Chief – The Hindu

The searches were carried out after the Securities and Exchange Board of India levied penalties on the NSE, Ramkrishna and others

Asian Markets Edge Ahead But Ukraine, Fed Fears Persist
China’s Market-Moving ‘National Team’: All You Need to Know
Australia’s Newcrest Reports Profit Slump as Output Dips
Ukraine Conflict Would Have ‘Uneven’ Asia-Pacific Impact
StanChart Doubles Profit, Sets $750m Share Buyback
Oil Bounces Back After Ukraine Rebels Claim Attack by Kyiv
Japan Trade Deficit Soars as Commodity Imports Surge

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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