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Latest: Asia Stock Market News

China’s Retail Petrol Prices Soar in Russian Invasion’s Wake
China’s Retail Petrol Prices Soar in Russian Invasion’s Wake

As of Friday, retail petrol prices will rise by 750 yuan ($118) a tonne and diesel prices by 720 yuan a tonne, the National Development and Reform Commission said

Fidelity China Trust Halves But Won’t Fall Further – Telegraph
Fidelity China Trust Halves But Won’t Fall Further – Telegraph

But there are several reasons to think that the price of the Fidelity China Special Situations trust has fallen as far as it can

Crypto Startups Moonlight as VC Investors – The Information
Crypto Startups Moonlight as VC Investors – The Information

At least eight highly valued crypto startups — ranging from exchange Gemini to peer-to-peer payments group Circle — have launched VC arms

China Reignites Mothballed Coal-Fired Power Plants – Caixin
Shortage of Russian, Ukrainian Crew Hits Shippers – Straits Times
China Property Stocks Soar as Tax is Shelved
China Plans Audit Concession Over US Delisting Threat – FT
Asian Markets Rally Again After Fed Rate Rise, China Boost
China Stocks Extend Surge on State Backing, Ukraine Hopes 
China Cyberspace Regulator Sets Out ‘Clean’ Campaign Goals

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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