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Latest: Asia Stock Market News

Asia Markets Bounce Back As Russia-Ukraine Tensions Ease
Asia Markets Bounce Back As Russia-Ukraine Tensions Ease

Tokyo, Seoul and Manila advanced around 2%, while Hong Kong, Sydney, Wellington and Taipei leapt ahead too despite continuing rate hike fears

Japan’s Kirin Holdings Sells Stake in China JV for $1bn
Japan’s Kirin Holdings Sells Stake in China JV for $1bn

Kirin said the sale is part of its business portfolio review and that its business tie-up in China with China Resources Enterprise, its JV partner, would continue

Intel Acquires Israeli Chipmaker Tower for $5.4bn
Intel Acquires Israeli Chipmaker Tower for $5.4bn

Intel is paying $53 per share for Tower - which specialises in analogue chips - well above Monday's closing price of $33.13

China Nickel Miner Lygend Seeks Hong Kong IPO
Beijing to Urge Neighbours to Trade in Local Currency
Australia’s Syrah to Grow US Graphite Processing Unit
China-US Monetary Policy Split Helps Yuan: Ex-Regulator
China’s Metaverse Group Admits 17 New Companies
Hong Kong Sees Gains for Long-Term Asset Markets
Hillhouse Unit Backs New Energy Vehicles – Caixin

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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