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Latest: Asia Stock Market News

Tech Drops Drag on Hang Seng; Yen Dip Boosts Nikkei
Tech Drops Drag on Hang Seng; Yen Dip Boosts Nikkei

Investors were in a risk-averse mood ahead of a number of central bank meetings this week and more gloomy economic numbers out of China

China Developer Shimao’s Shares Slide on Debt Revamp Plan
China Developer Shimao’s Shares Slide on Debt Revamp Plan

The property firm is hoping to decrease its debt by about $6 billion to $7 billion amid a downturn in sales nationwide

Chinese Investment in Vietnam Doubles, As US Trade Eases
Chinese Investment in Vietnam Doubles, As US Trade Eases

The manufacturing hub by the South China Sea is increasingly a key assembling link in supply chains that rely on Chinese parts and US consumers

Nikkei Dives on BoJ Bets, Surging Yen; Hang Seng, China Flat
Carmakers Focus on Cost-Cutting to Rival Cheap Chinese EVs
Tencent Pouring Resources Into Big Budget Console Games
China-Russia Trade Worth $218bn as Moscow Leans More on Beijing
Second Shadow Bank Rocked by China’s Property Crisis
Moody’s Told China Staff to Stay Home Ahead of Rating Cut – FT
China Slams Plan to Cut it From US EV-Battery Supply Chain

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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