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Latest: Asia Stock Market News

Japan’s Kirin Holdings Sells Stake in China JV for $1bn
Japan’s Kirin Holdings Sells Stake in China JV for $1bn

Kirin said the sale is part of its business portfolio review and that its business tie-up in China with China Resources Enterprise, its JV partner, would continue

Intel Acquires Israeli Chipmaker Tower for $5.4bn
Intel Acquires Israeli Chipmaker Tower for $5.4bn

Intel is paying $53 per share for Tower - which specialises in analogue chips - well above Monday's closing price of $33.13

China Nickel Miner Lygend Seeks Hong Kong IPO
China Nickel Miner Lygend Seeks Hong Kong IPO

Lygend Resources trades laterite nickel ore sourced from miners in the Philippines and Turkey, as well as nickel pig iron from Indonesia

Beijing to Urge Neighbours to Trade in Local Currency
Australia’s Syrah to Grow US Graphite Processing Unit
China-US Monetary Policy Split Helps Yuan: Ex-Regulator
China’s Metaverse Group Admits 17 New Companies
Hong Kong Sees Gains for Long-Term Asset Markets
Hillhouse Unit Backs New Energy Vehicles – Caixin
China’s Foreign Inflows Rise 11.6% in January – Xinhua

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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