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Latest: Asia Stock Market News

Rio Tinto Declares Record $7.7bn Half-Year Dividend
Rio Tinto Declares Record $7.7bn Half-Year Dividend

The jump in earnings came despite tight labour market conditions due to coronavirus pandemic-related restrictions in Western Australia

CSOP Launches First Hong Kong Metaverse-Themed ETF
CSOP Launches First Hong Kong Metaverse-Themed ETF

Meta Platforms is its largest holding at 6.38%, while Roblox, Nvidia and Unity as well as Apple, Snap, Sony and Tencent are among constituents

Pakistan Allows India to Truck Food Aid to Afghanistan
Pakistan Allows India to Truck Food Aid to Afghanistan

The first convoy of 50 trucks carrying wheat left Amritsar after a ceremony attended by Indian Foreign Secretary Harsh Vardhan Shringla

Hong Kong Banks on Growing Mainland Fintech Links
Fundraising by Chinese Private Funds Dives on Slowing Economy
Meituan Shares Rise as State Media Play Down Delivery Fee Plan
Singapore Fintech M-DAQ Buys Payments Outfit Wallex
Deutsche’s Private Bank Hires New Asia Investment Chief
Volkswagen Eyes Separate Stock Listing for Porsche
India Eyes Crude Oil, Volatility Fallout – 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