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Latest: Asia Stock Market News

Robotics Startup CynLr Raises $4.5m to Enter US – Inc42
Robotics Startup CynLr Raises $4.5m to Enter US – Inc42

The robotics startup plans to enter the US market, scale its team and build capacity to address the current pipeline of customers and deliver 100 robots annually

Sri Lanka’s Currency Plunges to World’s Worst-Performing – FT
Sri Lanka’s Currency Plunges to World’s Worst-Performing – FT

The currency was hovering near 300 per US dollar on Wednesday, down 32% in the year to date and lagging behind even Russia’s rouble

China’s ‘Little Nvidia’ Not So Homegrown – The Information
China’s ‘Little Nvidia’ Not So Homegrown – The Information

But Moore Threads, which investors value at more than $2 billion, has omitted important information: key pieces come from the UK

India Cartel Probe Into SBI, Axis, IDBI Trustee Units
Asia Stocks Retreat as Covid’s China Surge, Fed Fears Weigh
War in Ukraine, China Lockdowns Causing a Plunge in World Trade
Korea Conglomerates in Battery Recycling Deal – Korea Times
HSBC Raises Stake in Mainland Securities Arm to 90%
China Insiders in US Sell Early, Avoiding Billions in Losses
Global Dairy Prices Fall as Chinese Demand Evaporates

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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