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Latest: Asia Stock Market News

Canada Goose Cuts Forecast Amid China, Covid Concerns
Canada Goose Cuts Forecast Amid China, Covid Concerns

The company's direct-to-consumer sales in China rose 35% in the third quarter, compared with an 85.9% jump in the second quarter

US FDA Urges China’s Innovent to Conduct Local Drug Trial
US FDA Urges China’s Innovent to Conduct Local Drug Trial

The recommendation, which sent Innovent shares down, raises concerns for other Chinese drugmakers seeking to bring products to the US market

Indonesia Suspends Operations of More Than 1,000 Miners
Indonesia Suspends Operations of More Than 1,000 Miners

The nation has been seeking to improve oversight of rich resources and President Joko Widodo last month revoked permits of over 2,000 companies due to poor compliance

Activist Investor Quarz Opposes $3bn Singapore REIT Merger
Chinese Developers’ Shares Rise on Easier Escrow Access
Nissan Raises Net Profit Forecast Amid Chip Crunch
Opaque Carbon Trade Threatens Climate Progress – Nikkei
Asian Equities Advance But Critical US Inflation Data Looms
Australian Firms Evade Forced Labour Reporting, Study Finds
Australia’s AMP Confirms Takeover Offers for Asset Arm

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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