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Latest: Asia Stock Market News

Beijing Blocks Tencent’s ‘Anti-Competition’ $5.3bn Video Games Mega-Merger
Beijing Blocks Tencent’s ‘Anti-Competition’ $5.3bn Video Games Mega-Merger

The country’s antitrust watchdog has pulled the plug on a deal that would have given the tech leader control of nearly 80% of its e-gaming industry

Global Bond Funds Swell as Investors Spot Cracks in Recovery
Global Bond Funds Swell as Investors Spot Cracks in Recovery

Weekly inflows were the largest for three months as Covid’s impact on the global recovery began to be felt and the fear of inflation spread

Covid’s Threat to Recovery Spreads Gloom Across Asia’s Markets
Covid’s Threat to Recovery Spreads Gloom Across Asia’s Markets

Japan’s decision to ban fans from most Olympic events as the virus returns with a vengeance across much of the region brought an air pessimism to trading floors

China SOEs Push Corporate Bond Defaults to a Record High
China Securities Regulator Seen Reviewing Firms Planning to List Abroad
Has Climate Change and Business Finally Reached A Tipping Point?
Chinese medical data firm LinkDoc drops plan for US listing
FTSE Russell to remove more China stocks from indexes over US ban
Treasury Yields Continue Downward Drive After Fed Minutes
US IPO market becomes a danger zone for Chinese firms

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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