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Latest: Asia Stock Market News

Asian Stocks Struggle Despite Easing US Inflation Fears
Asian Stocks Struggle Despite Easing US Inflation Fears

There was an air of uncertainty across the region’s equity markets with price worries, tapering concerns and Covid’s impact continuing to weigh

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
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

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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