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Latest: Asia Stock Market News

China Tightens Rules for Non-Bank Payment Firms Like Alipay
China Tightens Rules for Non-Bank Payment Firms Like Alipay

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

China’s Nio to Launch Affordable EV brand Firefly in Europe
China’s Nio to Launch Affordable EV brand Firefly in Europe

A wave of Chinese EV makers are expanding in Europe amid slowing demand at home

Nissan to Export China-Made EVs in R&D Deal With Top University
Nissan to Export China-Made EVs in R&D Deal With Top University

The Japanese automaker is joining foreign brands like Tesla and BMW that are expanding their exports of China-made cars to exploit the country's lower manufacturing costs

India Shares See Longest Weekly Winning Streak Since 2018
Nasdaq-Listed China Shadow Bank Down 60% on Property Crisis Hit
Bankers Bet on Better China Sentiment Amid Asia IPO Slowdown
France’s Green EV Push Cuts China-Made Cars From Subsidies
Hang Seng Gains on Property Boost, Yen Drop Lifts Nikkei
Domestic Sales of Chinese Video Games Rebound, Top $42.6bn
China 2024 Budget Plans 3% GDP Outlay, Plus Special Bonds

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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