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Latest: Asia Stock Market News

Rio Tinto in $3.3bn Deal for Control of Mongolian Copper Mine
Rio Tinto in $3.3bn Deal for Control of Mongolian Copper Mine

The deal will give the global miner ownership of Turquoise Hill's 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposits, 550km south of Mongolia's capital Ulaanbaatar

Yen Sinks to New 24-Year Low, 140-Mark to Dollar Next, Traders Say
Yen Sinks to New 24-Year Low, 140-Mark to Dollar Next, Traders Say

The US dollar hit a 24-year high of 139.69 after gaining about 0.5% against the Japanese yen on Thursday, as investors brace for more US rates hikes.

Asian Shares Track Wall Street Lower Amid China Covid Concern
Asian Shares Track Wall Street Lower Amid China Covid Concern

Most Asian markets slipped on Wednesday as investor worries about monetary tightening were inflamed by strong US jobs data. But stocks in Korea edged up slightly

Alibaba, JD.com Among First Chinese Firms Facing US Audits
China Stocks Fall But Other Asian Markets Mostly Higher
China Think Tank Urges Scrapping of ‘Zero Covid’ Policy – AP
Chinese Police Arrest 234 Over Rural Banks Scandal in Henan
Asian Shares Drop on Risk of More US, EU Rate Hikes
China Shuts World’s Biggest Electronics Market Due to Covid
China’s Yuan Drops Below Key 6.9 USD Mark on Fed Rate Stance

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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