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Latest: Asia Stock Market News

Unexpected Slump In China’s Industry Dampens Recovery Hopes
Unexpected Slump In China’s Industry Dampens Recovery Hopes

The reading marked the first contraction in China’s industry since January when an abrupt exit from zero-Covid policies sparked a wave of infections across the country

India, Russia Halt Rupee Trade Talks, Moscow Prefers Yuan
India, Russia Halt Rupee Trade Talks, Moscow Prefers Yuan

The talks suspension is a blow for Indian importers of cheap oil and coal from Russia but Moscow was reluctant to hold rupees over the yuan or UAE dirham

Asian Investors Join Challenge Over Credit Suisse Takeover – BBC
Asian Investors Join Challenge Over Credit Suisse Takeover – BBC

Dozens of Singaporeans have joined a lawsuit that claims the Swiss government acted improperly when it compelled UBS to take over Credit Suisse and deny compensation to AT1 bondholders

Australian Exports to China Shoot Back up to Record Highs
Hang Seng, China Stocks Climb Despite Factory Data, Bank Woes
AI ‘Godfather’ Quits Google, Warns of ‘Risk To Humanity’ – NYT
Hang Seng Dips on US Banking Meltdown Fears, Looming Rate Hike
US Lawmakers Demand Supply Chain Check Before Shein IPO
Hyundai Vows to Stop Sale of Excavators Used in Amazon
Hang Seng, Nikkei Edge Ahead But US Banking, Data Fears Weigh

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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