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Latest: Asia Stock Market News

Hang Seng, Nikkei Slide as Hawkish Fed Chief Dampens Mood
Hang Seng, Nikkei Slide as Hawkish Fed Chief Dampens Mood

US Federal Reserve chairman Jerome Powell admitted he wasn’t confident enough had been done yet to control inflation

China’s Top Chipmaker Sees Third-Quarter Profit Plunge 70%
China’s Top Chipmaker Sees Third-Quarter Profit Plunge 70%

A global chip glut and Washington’s moves to limit China’s semiconductor industry weighed on SMIC, but the chipmaker shrugged off the revenue drop

Country Garden ‘Aiming for $11bn Offshore Debt Plan by Year-End’
Country Garden ‘Aiming for $11bn Offshore Debt Plan by Year-End’

China's biggest private developer expects to give key bondholders its cashflow projections by year's end, as part of the basis for the tentative restructuring plan, sources say

Notorious Hackers Seen Hitting US Arm of ICBC, China’s Top Bank
IMF Upgrades China Growth Forecasts, Warns on Property Threat
US Lends $553m to Adani Colombo Port JV Amid China Rivalry
China Property Woes Drag on Hang Seng, Nikkei Lifted by Tech
China to ‘Dominate’ Global Solar Supply Chain For Next Decade
Optus Internet Outage Causes Chaos for Millions in Australia
Hang Seng, Nikkei Dip as Fed Chiefs Dash Rate Easing Hopes

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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