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Latest: Asia Stock Market News

China Asks Deloitte to ‘Learn Lesson’ From $31m Audit Fine – FT
China Asks Deloitte to ‘Learn Lesson’ From $31m Audit Fine – FT

Beijing will also tighten scrutiny of domestic and foreign auditors — “including the Big Four” accounting firms — vice-minister of finance, Zhu Zhongming warned

Baidu Scraps Public Launch of ChatGPT-Rival Ernie Bot
Baidu Scraps Public Launch of ChatGPT-Rival Ernie Bot

The format was changed to satisfy the 'strong demand' from 120,000 companies that had applied to test Ernie Bot, the search giant said

Jack Ma Returns to China in Sign of Easing Tech Crackdown
Jack Ma Returns to China in Sign of Easing Tech Crackdown

The news of Jack Ma’s return comes on the final day of the China Development forum, a government-funded event being held in Beijing

Asia Shares Slip on Banking Fears But Weak Yen Boosts Nikkei
China’s Industrial Profits Plunge 23% on Weak Global Demand
China Says Still Committed to Building Healthy, Stable US Ties
Tim Cook Lauds China ‘Innovation’ at Key Business Summit
China’s CATL to Mass Produce Cheaper M3P Batteries This Year
Beijing Slams US for TikTok CEO’s ‘Hostile’ Congress Hearing
Asia Stocks Slip as Banking Fears Resurface, TikTok Row Weighs

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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