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Latest: Asia Stock Market News

China’s Ban on iPhone Use Expands to Local and State Entities
China’s Ban on iPhone Use Expands to Local and State Entities

China's ban on iPhone use by government workers was extended to local government entities last month, raising fears that Apple and its suppliers could be hit hard by rising Sino-US tension

Nikkei Dips on iPhone Ban Fallout Fears, Storm Shuts Hang Seng
Nikkei Dips on iPhone Ban Fallout Fears, Storm Shuts Hang Seng

Beijing’s move to curb iPhone use by government employees unnerved traders, raising the threat of an escalating Sino-US trade war

Hong Kong Shuts Down After Heaviest Rain on Record
Hong Kong Shuts Down After Heaviest Rain on Record

Authorities in the financial hub shut schools, the stock exchange and told workers to stay at home after over 200mm of torrential rain brought by the second typhoon in a week

China Rare Earth Prices Soar on Myanmar Mine Closures
Key US Lawmaker Wants End to Chip Exports to Huawei, SMIC
Top China Auto Chipmaker Racks Up $2.7 Billion in State Funding
Australia-China Trade Improves, Albanese to Visit Beijing Soon
Nikkei Snaps 8-Day Streak; Property, Tech Drags on Hang Seng
Tesla Sues China Chip Designer for ‘Stealing Tech Secrets’
Property Surge Limits Hang Seng Losses, Weak Yen Lifts Nikkei

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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