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Latest: Asia Stock Market News

China’s BYD Posts 241% Profit Rise on EV, Battery Demand
China’s BYD Posts 241% Profit Rise on EV, Battery Demand

BYD accounted for about 17% of the 3 million new energy vehicles (NEV) sold in China in 2021, China Association of Automobile Manufacturers data show

Archegos Founder Hwang Faces 11 Charges – Telegraph
Archegos Founder Hwang Faces 11 Charges – Telegraph

Hwang and chief financial officer Patrick Halligan are accused of artificially inflating the fund's portfolio from $1.5 billion to $35 billion in just 12 months

Chinese Display Company Ostin Soars 890% in Nasdaq Debut
Chinese Display Company Ostin Soars 890% in Nasdaq Debut

Nanjing-based Ostin recorded the best first-day surge for a debut share this year, according to Renaissance Capital data. Its stock closed at $39.66

China’s Sinopec Posts Profit Rise, Takes Hit on LNG Imports
Samsung Banks on Chip Demand as Profits Rise 51%
China Stocks Rally But Still Set for Worst Fall in Six Years
China Stocks Looking at Worst Month in Six Years – FT
Hong Kong Stock Exchange Profits Fall 30% in First Quarter
Chinese-Owned Mine in Peru Plans to Evict Indigenous Settlers
Australia Inflation Soars as Country Braces for Tight Election

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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