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Latest: Asia Stock Market News

Putin Wants Chinese Banks to Help Military Parts Trade – FT
Putin Wants Chinese Banks to Help Military Parts Trade – FT

"Beijing and Moscow were discussing ring-fencing one or more banks that would finance trade in components for Russia's defence industry" - likely to incur US sanctions

More US Law Firms Ditch Shanghai as Business Slumps – FT
More US Law Firms Ditch Shanghai as Business Slumps – FT

More US law firms have left or are about to leave Shanghai, as business activity between the world's top economies continues to drop

Modi Work Reforms Aim to Make India a Global Manufacturing Hub
Modi Work Reforms Aim to Make India a Global Manufacturing Hub

The Modi government – widely expected to be returned to power this week – has plans to increase India's share of global manufacturing to 5% by 2030 and 10% by 2047

China’s New Home Prices Edge Up For Ninth Consecutive Month
India Market Watchers Eye Rally as Exit Polls Predict Modi Win
Japan Spent Record $62 Billion in Failed Effort to Prop Up Yen
US ‘Looking Closely’ at China Banks Over War Aid to Russia
Taiwan Says China Suppliers Trying to Poach Our Tech Staff
Nikkei Jumps, Hang Seng Loses Gains Ahead of Key Inflation Data
Temu, Shein Face Tough Online Content Rules As EU Users Soar

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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