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Latest: Asia Stock Market News

Indonesia’s GoTo Soars on Debut, Sets Tone For Sector
Indonesia’s GoTo Soars on Debut, Sets Tone For Sector

GoTo shares climbed to 416 rupiah (3 US cents) versus the 338 rupiah offer price per share, at the high end of an indicative range for one of the world's largest offerings so far this year

China Developer Zhenro Defaults on Two Offshore Bonds
China Developer Zhenro Defaults on Two Offshore Bonds

Shares in the country's 30th-largest developer slid 10% in Monday morning trade while its bond prices also tumbled

EU Turns to Indonesia, Malaysia for Palm Oil – NST
EU Turns to Indonesia, Malaysia for Palm Oil – NST

Industry observers say low Malaysian palm oil production might limit its ability to fulfill the potential increased demand from the EU.

Foreign Cash Flees China as Investors Shun Autocracies – Nikkei
Japan Gas Appetite Creates Russia Dilemma – FT
Lockdown Puts China Agriculture in Jeopardy – Sixth Tone
Indebted Sri Lanka Needs $3bn to Restore Basic Supply Chains
China Government Bond Outflows Hit 7-Year High on Russia Sales
Japan Bans Russia Coal Imports in New Sanctions Round
Chinese Games Developer Pays Record Dividend – SCMP

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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