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Latest: Asia Stock Market News

China Mocks Trump’s Turnaround: ‘Tariffs to Drop Substantially’
China Mocks Trump’s Turnaround: ‘Tariffs to Drop Substantially’

Commentators deride retreat in posturing, but Asian and global markets all rose after US President said tariffs imposed on China are likely to be substantially lower than 145%

‘Underground’ Banking System Set up For China-Russia Trade
‘Underground’ Banking System Set up For China-Russia Trade

Banking sources say the net payments system is designed for large corporations and works directly with 11 Chinese provinces

World Faces ‘Significant Slowdown’ From US Tariffs, IMF Says
World Faces ‘Significant Slowdown’ From US Tariffs, IMF Says

International Monetary Fund says Trump's tariffs were "a major negative shock" for the global economy and most economies will see slower growth in the near-term

Vance Pushes Closer US-India Ties, Issues Curious Warning
Cyber Scam Hubs Spread From Asia Like a Global Cancer: UN
China Claims Win in First Ever Race Between Humans And Robots
Second Boeing Jet Flying Back From China to the US, Data Shows
US Port Fees Hit China’s Ships For Tonnage, Containers, Cars
China Vows to Retaliate if Trade Deals Hurt Its Interests
TransPacific Cargo Trade Decimated by Trump’s Tariff War

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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