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Latest: Asia Stock Market News

China’s Big 5 Lenders Warn of Property Risks as Margins Shrink
China’s Big 5 Lenders Warn of Property Risks as Margins Shrink

Banks have been reluctant to deepen their exposure to the ailing real estate sector but regulators are pushing for speedier new loan approvals to developers

Chinese Biotech Giant WuXi ‘Sent US Client’s Data to Beijing’
Chinese Biotech Giant WuXi ‘Sent US Client’s Data to Beijing’

US intelligence officials say Chinese pharma companies are risking national security at a time when Washington is considering multiple bills targeting those firms access to funds

China’s BYD Delays EV Factory; Solid-State Batteries ‘Unsafe’
China’s BYD Delays EV Factory; Solid-State Batteries ‘Unsafe’

BYD has set back plans for an EV factory in Vietnam, while CATL has said solid-state batteries are problematic and have safety issues

Yellen: China’s Green Energy Push a Threat to Global Jobs – AP
Yen Fears Drag on Nikkei, Hang Seng Lifted by Policy Bets
China Keen For Tech Innovation to Drive Economic Growth
Investors Suspect Beijing Behind Controlled Yuan Decline
Shimao Bondholders Group to Vote Against Debt Revamp Plan
China’s Country Garden ‘Hires Kroll For Liquidation Assessment’
Xi to Visiting Dutch PM: No One Can Stop China’s Tech Progress

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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