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Latest: Asia Stock Market News

Asia Stocks Edge Ahead As Likely Omicron Impact Scaled Down
Asia Stocks Edge Ahead As Likely Omicron Impact Scaled Down

Asia's traders were in holiday mood on Friday after studies suggested the latest Covid variant would not be as disruptive as Delta

Nippon Steel Sues Mitsui & Co Over Patents – Nikkei Asia
Nippon Steel Sues Mitsui & Co Over Patents – Nikkei Asia

Steelmaker has also filed suits against Toyota and Baoshan over its process under which motors can be rotated with less power by adjusting metal's composition and thickness

China Province Summons Five Firms Over Live-Streaming
China Province Summons Five Firms Over Live-Streaming

Consumer protection body in Zhejiang summoned five platforms including Alibaba's Taobao, Pinduoduo and JD.com over live-streaming irregularities during the Singles' Day shopping festival

Asian Stocks Advance After Omicron Threat Downgraded
Bank of Japan Offers $18bn in Loans to Fight Climate Change
Vietnam’s Vingroup Plans $1.5bn Bond Issue for Car Unit
SenseTime Plans $740m Fundraising in Revised IPO
India Now Third-Largest Home for ‘Unicorns’ – Deccan Herald
CBL Insurance Fraud Defendant Dies Before Trial – NZ Herald
China Boosts Local Government Special Bonds – 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