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Latest: Asia Stock Market News

Asian Stocks Suffer as Inflation and Rate Hikes Weigh
Asian Stocks Suffer as Inflation and Rate Hikes Weigh

Crackdown-hit China tech firms were a drag on Hong Kong too as it sank more than 1% with worries over a new Covid outbreak in the city adding to the gloom

China Huarong Plunges 55% as Trading Resumes After 9-Month Halt
China Huarong Plunges 55% as Trading Resumes After 9-Month Halt

Huarong, one of four state-owned distressed-debt managers, halted trading in its shares in April 2021 after missing a March 31 deadline for filing its 2020 earnings

Hong Kong Airport Authority to Issue Bond for Third Runway
Hong Kong Airport Authority to Issue Bond for Third Runway

The third runway project "is almost equal to building a new airport next to the existing one", the authority has said

OPEC and Allies Agree on Slight Rise in Oil Output
China Life Eyes Windfall Gain from TPG’s US Flotation
Wall Street Upbeat On China Stocks As Tech Fears Ease
Asian Markets Advance As Fears Of Omicron’s Impact Subside
China Plans Cybersecurity Rules for Firms Wanting to List Abroad
China Mobile to Buy Back HK Shares Amid Shanghai Listing
Evergrande Shares Halt Trading Pending Announcement

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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