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Latest: Asia Stock Market News

In Surprise Share Buyback, Ant Values Firm 75% Below IPO
In Surprise Share Buyback, Ant Values Firm 75% Below IPO

The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company

Global Warming Rocks the Qinghai-Tibet Plateau – China Dialogue
Global Warming Rocks the Qinghai-Tibet Plateau – China Dialogue

Glaciers at the source of some of Asia's biggest rivers are melting faster, with glacial lakes getting bigger and more likely to collapse and create 'outburst floods', a new report says

Chip Arm Losses Tank Samsung’s Second-Quarter Profits by 96%
Chip Arm Losses Tank Samsung’s Second-Quarter Profits by 96%

The South Korean tech giant estimated its Q2 operating profit fell to $459 million, the lowest for any quarter since the first half of 2009

Amid Tense Ties, US Begins Fresh China Audit Inspections
Yellen Urges Reforms, Hits at China’s ‘Unfair’ Actions on US Firms
Nikkei, Hang Seng in Retreat as More Rate Hikes Loom
China’s Ant Group Facing $1.1bn Fine, to End PBOC Revamp
China Metal Curbs, Rare Earths Risks Fuel Hunt For Safe Sources
China’s Xi Warned Putin Against Using Nukes in Ukraine – FT
Weak Yuan Boosts Chinese Stampede for Hong Kong Insurance

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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