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Latest: Asia Stock Market News

Vietnamese EV-maker VinFast Announces US SPAC Listing
Vietnamese EV-maker VinFast Announces US SPAC Listing

The planned merger with Black Spade Acquisition Co will have an enterprise value of about $27 billion

Data of 2 Million Japan Users Was Public For a Decade: Toyota
Data of 2 Million Japan Users Was Public For a Decade: Toyota

The leak stemmed from human error, after a cloud system was set to public instead of private, a Toyota Motor spokesperson said

Nikkei Rallies on Earnings Lift, Hang Seng Dips on China Data
Nikkei Rallies on Earnings Lift, Hang Seng Dips on China Data

Investors continue to be distracted by persistent inflation, rate hike threats, a possible banking crisis and a gloomy outlook for the world’s top two economies

Foxconn Sees Q1 Profit Plunge 56% as Japan Investment Bites
China Bank Loans Plunge Far More Than Expected in April
China Drops Dollar for Yuan in $88bn Russia Commodity Trade
Nikkei Flat, Hang Seng Dips on China Deflation, US Inflation
China Says Willing to Cooperate on Audits With US Officials
China Makes First Arrest Over Fake News Generated by ChatGPT
Pakistan Cuts Internet Indefinitely Amid Imran Khan Arrest Fury

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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