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Latest: Asia Stock Market News

Evergrande Shares Rise on Building Pledge, But Default Looms
Evergrande Shares Rise on Building Pledge, But Default Looms

Chairman Hui Ka Yan vowed on Sunday to deliver 39,000 units of properties in December, but the group looks likely to default on a further $255m of bond payments due today

What China’s New Investment Rules Mean for Foreigners – Caixin
What China’s New Investment Rules Mean for Foreigners – Caixin

The new rule on foreign investment is among updates to the government's policies related to 31 restricted sectors that take effect on January 1

Asian Shares Dip as Virus Fears Linger
Asian Shares Dip as Virus Fears Linger

Asian shares dipped in subued holiday trade on Monday as fears lingered over the impact of the Omicron Covid variant. Airline traffic was disrupted in some states, but retail sales were healthy.

Temasek-Backed Vertex Gets Nod to List SPAC in Singapore
China Industrial Profits Dip Amid Weak Demand, Property Crisis
China To Build Financial Centre In Western Region by 2025
Record IPO Binge In 2021 Leaves Investors Hung Over
Asia Stocks Edge Ahead As Likely Omicron Impact Scaled Down
Nippon Steel Sues Mitsui & Co Over Patents – Nikkei Asia
China Province Summons Five Firms Over Live-Streaming

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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