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Latest: Asia Stock Market News

India to Overtake China to Become Global IPO Leader
India to Overtake China to Become Global IPO Leader

Chinese indexes saw double digit falls in the number of IPOs, compared to last year, amid geopolitical tensions with the West and increasing scrutiny from Beijing regulators

Emerging Asia Sees Largest Outflows as Funds Stay Cold on China
Emerging Asia Sees Largest Outflows as Funds Stay Cold on China

Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan

EU Leaders Flying in for Economic Summit in China This Week
EU Leaders Flying in for Economic Summit in China This Week

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen

Record Number of Chinese Blacklisted for Debt Defaults – FT
Hang Seng Falls on Downbeat Data, Nikkei Dips on Weak Yen
Toyota Plans Expanded Electric Vehicle Line-up for Europe
China Evergrande Stock Jumps as Liquidation Hearing Put Off
Only One Development Bank Vowing to Halt Funds for Fossil Fuels
Wealthy Families, Private Firms Moving Billions Out of China – NYT
Indonesia, ADB, Owners to Shut Coal Power Station Early

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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