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Latest: Asia Stock Market News

Evergrande Wins Payment Extension As Rivals Face Default
Evergrande Wins Payment Extension As Rivals Face Default

Shimao and Yuzhou are scrambling to negotiate new terms with creditors to avoid default, while Evergrande secured a crucial payment delay

Sri Lanka Rules Out IMF Bailout, Seeks New China Loans
Sri Lanka Rules Out IMF Bailout, Seeks New China Loans

After the announcement, S&P Global downgraded Sri Lanka, reflecting the deterioration of the country's ability to maintain foreign reserves

China Largely Tames Inflation During 2021 – Xinhua
China Largely Tames Inflation During 2021 – Xinhua

Inflation climbed 0.9% in 2021 and authorities have ensured adequate supplies of goods, which helped stabilise prices

Hanoi Calls for Border Congestion Solution – Việt Nam News
New Measures To Reduce Red Tape – Shanghai Daily
India’s TCS to Buy Back Shares for $2.45bn – The Hindu
Asian Bonds Seen Staying Resilient In Face Of Hawkish Fed
Asian Markets Boosted As Fed Chief Eases Inflation Fears
Hong Kong, Shenzhen Bourses Sign New Strategic Pact
Singapore Airlines Launches 7-Year US Dollar Bond Issue

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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