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Latest: Asia Stock Market News

Chinese Oil Giant CNOOC to Raise $4.4bn in Shanghai Listing
Chinese Oil Giant CNOOC to Raise $4.4bn in Shanghai Listing

Chinese oil giant CNOOC said on Monday it will raise 28.08 billion yuan ($4.4 billion) in a listing in Shanghai, after setting the price for what will be the mainland 11th-biggest public stock offering

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
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

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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