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Latest: Asia Stock Market News

Worries Over Ukraine Invasion Hit US Stocks, Lift Oil Prices
Worries Over Ukraine Invasion Hit US Stocks, Lift Oil Prices

White House warnings of a possibly imminent Russian invasion of Ukraine reverberated through financial markets with stocks tumbling on Wall Street on Friday and oil prices surging.

Asia Stocks Slip As US Inflation Shock Sparks Rate Fears
Asia Stocks Slip As US Inflation Shock Sparks Rate Fears

The 7.5% leap in US prices last month was the fastest in 40 years and the news pulled all of Asia’s major markets into the red on Friday

China Developer Zhenro’s Shares, Bonds Plummet
China Developer Zhenro’s Shares, Bonds Plummet

Local financial media Cailianshe said Zhenro had denied market speculation it had plans to restructure its dollar bonds

Canada Goose Cuts Forecast Amid China, Covid Concerns
US FDA Urges China’s Innovent to Conduct Local Drug Trial
Indonesia Suspends Operations of More Than 1,000 Miners
Activist Investor Quarz Opposes $3bn Singapore REIT Merger
Chinese Developers’ Shares Rise on Easier Escrow Access
Nissan Raises Net Profit Forecast Amid Chip Crunch
Opaque Carbon Trade Threatens Climate Progress – Nikkei

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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