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Latest: Asia Stock Market News

EU to Target Chinese Steel for Subsidies After EVs, Wind Turbines
EU to Target Chinese Steel for Subsidies After EVs, Wind Turbines

The move will likely be announced at a summit with the US, which had asked Brussels to move against Chinese steel producers

Nikkei Soars to 9-Month High, Hang Seng Lifted by Fed Hopes
Nikkei Soars to 9-Month High, Hang Seng Lifted by Fed Hopes

Hamas’s surprise attack on Israel raised investor anxiety levels but hints of rate cuts and rising energy prices helped

China’s Country Garden Stocks Plunge on Foreign Debt Warning
China’s Country Garden Stocks Plunge on Foreign Debt Warning

Shares of China's largest private developer sank nearly 11% on Tuesday after it warned liquidity is very tight and it faces uncertainty on the sale of assets and restructuring of its debts

China Funds Seek Backers in Middle East as US Investors Retreat
Economic Risks Mount for Asia as Israel Declares War on Hamas
China-US Ties Will Affect ‘Destiny of Mankind’, Xi Says – AFP
China Plans 50% Jump in Computing Power by 2025 Amid AI Rush
EU May Also Probe China Subsidies for Wind Turbines – FT
Hang Seng Gains But Israel, China Data Weigh; Nikkei Closed
China’s Private Real Estate Giants Teeter Near Collapse

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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