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Latest: Asia Stock Market News

Asian Stocks Suffer As Fed Signals Rate Hikes Plan
Asian Stocks Suffer As Fed Signals Rate Hikes Plan

Tech firms led the losses and Tokyo plunged almost 3% with Sony diving 6.9% and Tokyo Electron falling more than 3%

Reliance Raises $4bn in India’s Biggest Dollar Bond Issuance
Reliance Raises $4bn in India’s Biggest Dollar Bond Issuance

The conglomerate raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal

DBS Hong Kong, Haier Sign ESG-Linked Loan Facility
DBS Hong Kong, Haier Sign ESG-Linked Loan Facility

Chinese company aims to provide customers with more energy-efficient products underpinned by innovation to help tackle climate change

Crédit Agricole CIB Wins Full Australian Bank Licence
Bad Weather Boosts US Soybean Farmers’ China Hopes
Mitsubishi Unit Scours Globe Using Big Data – Nikkei
Asian Stocks Suffer as Inflation and Rate Hikes Weigh
China Huarong Plunges 55% as Trading Resumes After 9-Month Halt
Hong Kong Airport Authority to Issue Bond for Third Runway
OPEC and Allies Agree on Slight Rise in Oil Output

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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