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Latest: Asia Stock Market News

Investor confidence in Adani Group continues to erode
Investor confidence in Adani Group continues to erode

Despite official clarifications, press statements, and pull-out promises from controversial projects, the $100-billion Adani group continues to see its shareholders’ confidence eroding.

China hopes metals sell-off will calm molten market
China hopes metals sell-off will calm molten market

The first auction of a batch of the state’s metal reserves will take place early next month with 100,000 tonnes of raw materials set to be released into the market as Beijing bids to haul back runaway commodity prices

World Bank to boost spending on climate change to 35%
World Bank to boost spending on climate change to 35%

Global lender says it will also draw up progress reports and climate action plans for countries it provides loans to...

Dingdong investors betting merrily on high IPO valuation
Traders’ mood lifts as Fed’s reassurances finally sink in
Self-drive tech firm Quanergy en route to $1.1bn SPAC deal
Nikkei leads Asian markets’ bounce-back as Fed worries ease
Iron ore is the latest front in China’s commodities war
Asian markets sink with traders wary of Fed tightening
Didi pressing on with mega-IPO despite antitrust violations probe

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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