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Latest: Asia Stock Market News

Top China Bank to Pay $32m Penalties For US Regulatory Lapses
Top China Bank to Pay $32m Penalties For US Regulatory Lapses

The Industrial and Commercial Bank of China agreed to pay $32.4 million in penalties for unauthorized disclosure of confidential information and failure to comply with US anti-money laundering rules in recent years

Red Sea Attacks Spur a Surge in Asia-to-Europe Air Freight
Red Sea Attacks Spur a Surge in Asia-to-Europe Air Freight

Companies that normally ship exports from Vietnam to Europe are opting for more expensive air freight because of attacks on vessels in the Red Sea, a freight platform said

TSMC’s AI Bet Triggers Mega Chip Rally, Except in China
TSMC’s AI Bet Triggers Mega Chip Rally, Except in China

TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company

Debt-Laden Chinese Regions Told to Stop Some State Projects
Nikkei Lifted by Global Tech, Hang Seng Dips on China Worries
BYD’s Thai Distributor to Triple EV Outlets as Sales Boom
Chinese Exporters Face Shipping Crisis From Red Sea Attacks
China’s Property Struggles Deepen as New Home Prices Dive
China Takes First Steps Towards Standardising AI Industry
Chinese Port in Peru Seen Ramping up Trade With South America

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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