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Latest: Asia Stock Market News

China’s Military Suppliers Hit by Corruption Purge, Report Says
China’s Military Suppliers Hit by Corruption Purge, Report Says

Revenues of China's top military firms fell 10% last year after the PLA and its Rocket Force were targets of a corruption crackdown ordered by President Xi, new report says

Toll From Floods, Cyclones in Sri Lanka, Southeast Asia Tops 1,130
Toll From Floods, Cyclones in Sri Lanka, Southeast Asia Tops 1,130

Warmer oceans are one reason Asia is experiencing more intense storms, but some of the latest cyclones were rare, as they formed close to the equator.

Nexperia Row With Chinese Parent Worsens Amid Chip Supply Pain
Nexperia Row With Chinese Parent Worsens Amid Chip Supply Pain

Caught in the middle of the continuing tensions around the Dutch chipmaker are global automakers who rely on the firm for its ubiquitous chips and experts say they have 'no way out'

Hong Kong Towers’ Fire Alarms ‘Didn’t Work Properly,’ Toll 128
Vietnam’s 5G Deals With Huawei, ZTE Raise US Concerns
China Vanke Gets S&P Downgrade, Faces Rejig Amid Debt Crisis
China’s Baidu Laying Off Staff After Third Quarter Loss: Sources
Nvidia’s Biggest Chinese Buyer Can No Longer Use Its Chips For AI
Toll Rises, But Hundreds Still Missing in Deadly Hong Kong Blaze
Taiwan May Train US Workers in Chipmaking Under Tariff Deal

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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