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Latest: Asia Stock Market News

Tencent Music Sees Decline in Social Entertainment Revenue
Tencent Music Sees Decline in Social Entertainment Revenue

Most Tencent Music users are in its music streaming unit, but entertainment services like karaoke platforms where people can live stream shows and concerts are its big revenue drivers

Malaysia’s Farm Fresh Shares up 26% After $238m IPO
Malaysia’s Farm Fresh Shares up 26% After $238m IPO

Shares in the company, which raised 1 billion ringgit ($237.64 million) in its IPO, rose as high as 34% in the first few minutes of trading

Alibaba Raises Share Buyback Size to a Record $25bn
Alibaba Raises Share Buyback Size to a Record $25bn

Alibaba's shares rose 4.5% in Hong Kong after the news, while in the United States, its shares closed down 4.3% on Monday

Evergrande Units Say ‘Drastic Changes’ Will Delay 2021 Results
Asian Stocks Flat as Ukraine War Rages On, Oil Climbs
Saudi Arabia Back as China’s Top Crude Oil Supplier
China Approves Three Sci-tech Innovation IPOs – Xinhua
HK, Singapore Investors Tread Carefully on SPAC Listings – Nikkei
China Seeks Stable Farm Output Amid Covid Control Measures
China Assets Appealing to Foreign Investors – Securities Times

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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