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Latest: Asia Stock Market News

Asia Stocks Suffer on Fed Hike Signals, Covid in China
Asia Stocks Suffer on Fed Hike Signals, Covid in China

Fed minutes released yesterday reveal it’s ready to take an uncompromising approach to soaring prices and inflation causing headaches at home and abroad

Facebook Owner Meta in New ‘Zuck Bucks’ Finance Push – FT
Facebook Owner Meta in New ‘Zuck Bucks’ Finance Push – FT

The company, led by chief executive Mark Zuckerberg, is seeking alternative revenue streams and new features that can attract and retain users

UN Agency Urges China to Accelerate Green Energy Plan
UN Agency Urges China to Accelerate Green Energy Plan

Frank Jotzo at Australian National University said Beijing was falling short when it comes to meeting global goals aimed at curbing temperature rises

Prudential-Owned PGIM Boosts Its Asia Investment Team
Singapore Company to Help Modernise Nigerian Agribusiness
Surging Prices Nudge Asia Central Bank Hawks Into Action
China’s JD.com Names Lei Xu as New Chief Executive
Robotics Startup CynLr Raises $4.5m to Enter US – Inc42
Sri Lanka’s Currency Plunges to World’s Worst-Performing – FT
China’s ‘Little Nvidia’ Not So Homegrown – The Information

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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