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Latest: Asia Stock Market News

US Says China Giving Lethal Aid to Russia in Ukraine War – FT
US Says China Giving Lethal Aid to Russia in Ukraine War – FT

In return, Russia was helping China develop military technologies such as submarines, aeronautics missiles, a top US official said

Nikkei Drops as Yen Jumps, Energy Stocks Drag on Hang Seng
Nikkei Drops as Yen Jumps, Energy Stocks Drag on Hang Seng

US inflation, currency and rate moves, and the fallout from the first US presidential race TV debate all weighed on investor sentiment on Wednesday

Korea Nabs Ex-Samsung Execs in $3.2bn China Chip Tech Scandal
Korea Nabs Ex-Samsung Execs in $3.2bn China Chip Tech Scandal

Korean engineers accused of using Samsung chip tech to make 20nm memory chips at a plant in southern China. The $3.2bn case has led to calls for tougher penalties for theft of 'critical tech'

Huawei Looks to Steal Apple’s Tech Crown With Tri-Fold Phone
Australia Plans Social Media Ban to ‘Get Children Off Devices’
Pacific Islands Want ICC to Make Ecocide a Criminal Offence
Hang Seng Lifted by Stimulus Bets, Nikkei’s 6-Day Losing Streak
Japan Now Asia’s Top Choice For Hedge Funds as China Falters
Germany Rejects ‘Fake’ Chinese Carbon Credits Used by Oil Firms
A Deflationary Spiral Looms Over China as Overcapacity Bites

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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