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Latest: Asia Stock Market News

Bankers Used Wives to Hide 1MDB Kickbacks, Court Hears
Bankers Used Wives to Hide 1MDB Kickbacks, Court Hears

Tim Leissner, the star government witness who had been Roger Ng‘s supervisor at Goldman Sachs, said he received kickback payments from Jho Low, a notorious Malaysian intermediary

PBOC Weekly Cash Injection Reaches Two-Year High
PBOC Weekly Cash Injection Reaches Two-Year High

The People's Bank of China injected 300 billion yuan ($47.4 billion) worth of seven-day reverse repos into the banking system on Friday

Coinbase Reports Surge in Crypto Trading Volumes
Coinbase Reports Surge in Crypto Trading Volumes

Volumes jumped more than 67% in the quarter with retail trading accounting for 32% of volumes and crypto assets contributing 68% of total trading

China Banks Warned Over ‘Agreement Deposits’ – Caixin
Invasion of Ukraine Threatens Global Wheat Supply – NYT
Alibaba Reports Smallest Quarterly Revenue Rise Since 2014
Asian Stocks Sink, Oil And Gold Surge As Ukraine Invaded
Rave Reviews Boost Japanese Videogame Makers
Shimao Shares, Bonds Plunge on New Signs of Liquidity Stress
Stocks Dive, Oil Soars as Russia Launches Invasion of Ukraine

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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