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Latest: Asia Stock Market News

New Zealand Rugby Seals US Private Equity Deal
New Zealand Rugby Seals US Private Equity Deal

The partnership will see Silver Lake put $134 million into a joint commercial entity, which will remain majority owned by the sporting body

China’s `Common Prosperity’ to Boost Middle-Class, UBS Says
China’s `Common Prosperity’ to Boost Middle-Class, UBS Says

The wealth management market could hit 214 trillion yuan ($34 trillion) in investable assets by high net worth individuals in 2030, a UBS report said

Australia’s Wesfarmers Group Sees First-Half Profit Dive
Australia’s Wesfarmers Group Sees First-Half Profit Dive

The group flagged that a wave of Omicron infections in the country reduced physical traffic at its Kmart Group and Officeworks divisions

China Poised to Boost Global ESG-Labelled Bond Issuance
Rihanna, H&M Lingerie Company Up For Sale – FT
India’s IT Sector Grows Twice as Fast as Economy – ToI
CATL Considers More Factories Outside China – Caixin
Asia Markets Bounce Back As Russia-Ukraine Tensions Ease
Japan’s Kirin Holdings Sells Stake in China JV for $1bn
Intel Acquires Israeli Chipmaker Tower for $5.4bn

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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