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Latest: Asia Stock Market News

Putin Heads to China; Energy Ties in Focus But Deals ‘Unlikely’
Putin Heads to China; Energy Ties in Focus But Deals ‘Unlikely’

Putin’s trip comes at a crucial time for China’s Xi, who is also likely to meet with US President Joe Biden next month

Mild Recovery in China Chip Imports Ahead of New US Curbs – SCMP
Mild Recovery in China Chip Imports Ahead of New US Curbs – SCMP

The data released by China’s customs department marked a small improvement for the country, which saw an 18.5% decline in chip imports in the first half of the year

China Restricts Securities Lending in Short-Selling Clampdown
China Restricts Securities Lending in Short-Selling Clampdown

The rules come after senior management of a Chinese automobile parts-maker was found to have lent shares to short-sellers on the first day of trading after its IPO

Fears of China’s ‘Japanization’ Weigh On Asia Economic Outlook
China Detains Former AMC Fund Manager Wang Yawei
Fears Over Evergrande Debts Spurs Run on China Bank – CNN
TSMC Gets China Chip Waiver From US, Eyeing ‘Permanent’ Permit
Hang Seng Slumps, Nikkei Slides as Rate Rises Threat Returns
EU Urges China to Commit to Renewable and Methane Targets
China Renames ‘Tibet’ as ‘Xizang’ in Official Papers – RFA

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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