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Latest: Asia Stock Market News

Paytm’s Shares Plunge 27% On Indian Exchange Debut
Paytm’s Shares Plunge 27% On Indian Exchange Debut

Paytm stock lists on NSE at Rs1,950 ($26.28) against its issue price of Rs2150 ($28.98) apiece before crashing

LGT Boosts Wealth Management With Tokyo Office
LGT Boosts Wealth Management With Tokyo Office

LGT has about $297 billion under management and Tokyo complements other Asian locations in Hong Kong, Singapore and Bangkok

China Duty Free Said to Win Approval for IPO: SCMP
China Duty Free Said to Win Approval for IPO: SCMP

CDF, which has a market capitalisation of 449.9 billion yuan ($70.5 billion), could be aiming to raise $5 billion from the listing

Concern About Covid, Higher Costs Weigh Down Asian Markets
Gaming Company Razer Explores Take-Private Deal
Asia High-Yield Funds Down 16% On China Evergrande Turmoil
JPMorgan Sues Tesla for $162 Million over Elon Musk Tweet
Sri Lanka Most At Risk From Exchange Rate Crisis: Nomura
China Gaming Licences to Resume: 21stC Business Herald
Chinese Developers Sell Assets to Pay Debt: 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