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Latest: Asia Stock Market News

China’s Country Garden Gets 6-Month Reprieve on Liquidation Hearing
China’s Country Garden Gets 6-Month Reprieve on Liquidation Hearing

Hong Kong court on Monday gives giant debt-laden conglomerate nearly six months to  finalise a rejig of its offshore debt, while Evergrande's EV unit may also face bankruptcy proceedings

Nikkei Rallies on Big Tech Bets, Hang Seng Rides Wall St Wave
Nikkei Rallies on Big Tech Bets, Hang Seng Rides Wall St Wave

Microsoft, Apple, Amazon and Facebook-parent Meta Platforms report this week while central banks in the US, UK and Japan also meet

Forced Sale of TikTok is About Security, Not Free Speech, US Says
Forced Sale of TikTok is About Security, Not Free Speech, US Says

US lawyers have rejected all arguments raised by TikTok, and told a Federal Appeals Court the law addresses security concerns, not free speech

Huawei Phone Sales Soar In China, Apple Not Even in The Top 5
China Power Consumption Soars With Tech, EV Growth – C/Daily
Nikkei’s 8-Day Losing Run, Hang Seng Gains On US Growth Bets
Chinese Firms Trying to Cut Indonesian Nickel Smelter Stakes
Typhoon Pounds China’s Fujian After Lashing Taiwan, Manila
China to Use Bonds to Pay For Consumer Trade-in Scheme
Thai Task Force to Help Stop Arms Funding For Myanmar Military

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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