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Latest: Asia Stock Market News

Staff From WPP-Owned Media Agency Detained in China
Staff From WPP-Owned Media Agency Detained in China

Three staff from media agency GroupM have been held by authorities in Shanghai, according to sources; one said the investigation related to rebate management

Malaysia’s Anwar Pushes ASEAN-Gulf Council Free-Trade Deal
Malaysia’s Anwar Pushes ASEAN-Gulf Council Free-Trade Deal

Malaysian Prime Minister Anwar Ibrahim made the suggestion at a the first-ever summit of the two regional blocs in Saudi Arabia on Friday

Rising US Yields Spur Major Outflow From Asian Bonds in Sept
Rising US Yields Spur Major Outflow From Asian Bonds in Sept

Foreigners sold regional bonds worth $3.7 billion from Malaysia, Indonesia, South Korea, and Thai markets, their biggest sell-off since June 2022

China Exported Just 1kg of Germanium Last Month, No Gallium
China Curbs Export of Key EV Metal as Tech War With US Deepens
Small China Banks May Take $300bn Hit From LGFV Debts: S&P
Nikkei, Hang Seng Dip as Israel-Gaza War Threatens to Spread
More China State Firms in Share Buyback Bid to Prop Up Market
Huawei Sells 1.6m Mate 60 Phones in Six Weeks as Apple Falters
US Curbs Set Off Sales, Tech Boom for China Chip Equipment Firms

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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