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Latest: Asia Stock Market News

Uniqlo Owner Posts Higher Profit as Japan, China Sales Lag
Uniqlo Owner Posts Higher Profit as Japan, China Sales Lag

The company's international segment reported record first-quarter results, while revenue and profits declined in Japan and mainland China

Belt and Road Lifts Profile of Rail Transport, Study Finds
Belt and Road Lifts Profile of Rail Transport, Study Finds

Companies would choose rail without subsidies because high-value and time-sensitive products are often made in inland cities, such as Chongqing and Chengdu.

Coinbase Buys Futures Exchange in Crypto Derivatives Push
Coinbase Buys Futures Exchange in Crypto Derivatives Push

The Chicago-based FairX lists futures contracts that track markets, including stock indices and oil. Its contracts are cleared by Nodal Clear, which is controlled by Deutsche Börse

Australia’s Crown Set to Back $6.5bn Blackstone Buyout Offer
Evergrande Wins Payment Extension As Rivals Face Default
Sri Lanka Rules Out IMF Bailout, Seeks New China Loans
China Largely Tames Inflation During 2021 – Xinhua
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

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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