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Latest: Asia Stock Market News

Shimao, CIFI Shares Fall as China Property Woes Continue
Shimao, CIFI Shares Fall as China Property Woes Continue

Moody’s cut its rating on Shimao by two notches, to Caa1 from B2, and lowered its outlook to negative, down from “ratings under review”

India’s BPCL Seeks Extra Gulf Oil, Fearing Russian Supply Hit
India’s BPCL Seeks Extra Gulf Oil, Fearing Russian Supply Hit

Gulf producers have not committed to additional supplies for BPCL, as allocations for April loading are due to be finalised next week

Faraday Future Gets New CFO to Help Turn EV Maker Around
Faraday Future Gets New CFO to Help Turn EV Maker Around

Last month, Faraday said it had identified certain inaccurate statements made by its employees to investors and announced changes in its leadership structure

Crude Oil Prices Top $110 a Barrel as Ukraine Conflict Worsens
SC Capital Partners to Develop Asian Data Centres
Sri Lanka Begins Power Cuts as Fuel Runs Dry
Singapore-Based Volopay Enters Indian Payments Market
Orix to Replace Shinsei Bank in Key Index – Nikkei
China’s Meituan Cuts Commissions After Regulatory Guidance
Asia Stocks Rally But Oil, Commodity Worries Still Weigh

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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