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Latest: Asia Stock Market News

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
Australia’s Crown Set to Back $6.5bn Blackstone Buyout Offer

Crown received a fourth non-binding offer of A$13.10 a share, having dismissed Blackstone's previous bid of A$12.50 as not 'compelling'

Evergrande Wins Payment Extension As Rivals Face Default
Evergrande Wins Payment Extension As Rivals Face Default

Shimao and Yuzhou are scrambling to negotiate new terms with creditors to avoid default, while Evergrande secured a crucial payment delay

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
Asian Bonds Seen Staying Resilient In Face Of Hawkish Fed
Asian Markets Boosted As Fed Chief Eases Inflation Fears

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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