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Latest: Asia Stock Market News

India’s Paytm Net Loss Widens in December Quarter
India’s Paytm Net Loss Widens in December Quarter

In its second earnings since it went public last year, Paytm posted a consolidated net loss of 7.79 billion rupees ($104.42 million) for the quarter ended December

India Crypto Exchanges Ask Banks to Lift Hurdles – ET
India Crypto Exchanges Ask Banks to Lift Hurdles – ET

At present, most account holders of private banks are unable to directly buy crypto assets through their bank accounts or credit cards.

Saudi Aramco Plans $50bn Stake Sale in New Share Listing – WSJ
Saudi Aramco Plans $50bn Stake Sale in New Share Listing – WSJ

State-owned firm has held talks about selling more shares on Riyadh stock exchange as well as a secondary listing, possibly in London, Singapore or other exchanges

Russia, China Announce Broad Partnership to Counter US
Asian Markets Up as Hong Kong Rallies, Eyes on US Jobs
Japan’s Pension Fund Posts 2.81% Quarterly Return
Surging China Electric Vehicle Sales Driving Up Metal Prices
HeidelbergCement Plans to Set CO2 Reduction Targets in May
OPEC+ Skirts Geopolitics Debate with Rapid-Fire Meeting
SoftBank Investors Brace for Earnings Amid Sliding Valuations

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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