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Latest: Asia Stock Market News

Paytm IPO Opens Today; Valuations Lofty, Say Analysts – Mint
Paytm IPO Opens Today; Valuations Lofty, Say Analysts – Mint

The Paytm IPO aims to raise $2.46 billion with shares price at $28-$29, valuing the company at close to $19 billion

Twitter Votes ‘Yes’ to Musk Plan to Sell 10% of Tesla Stock
Twitter Votes ‘Yes’ to Musk Plan to Sell 10% of Tesla Stock

Musk's shareholding in Tesla is about 170.5 million shares and offloading 10% would amount to close to $21 billion based on Friday's closing price

Asian Markets Distracted By US Jobs Data, Surging Inflation
Asian Markets Distracted By US Jobs Data, Surging Inflation

Hong Kong led the selling with investors also keeping a nervous watch on developments in the China Evergrande saga as another deadline loomed on an overdue bond payment

China Mandates 12 Banks for €4bn Sovereign Euro Bond
Covid Jab Maker Clover Raises $240m in IPO
Embattled Kaisa Group’s Shares Suspended in Hong Kong
Xi Vows to Address Trade Concerns: SCMP
Amundi Hit by €16bn China JV Outflows: FT
News Corp Might Spin Off Pay-TV Unit: The Age
Asia Markets Boosted As Fed Finally Reveals Tapering Plan

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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