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Latest: Asia Stock Market News

China Warns US to Stop Interfering in Call Ahead of Blinken Trip
China Warns US to Stop Interfering in Call Ahead of Blinken Trip

Foreign minister Qin Gang said the US should interfering in China's internal affairs and harming its security interests in a call on Wednesday to Blinken, who is due in Beijing on Sunday

China New Loans Weaker-Than-Expected, Stimulus Forecast
China New Loans Weaker-Than-Expected, Stimulus Forecast

New bank lending rose to $190 billion in May – more than $30bn short of forecasts – prompting analysts to predict the PBOC will need to step in

Pakistan Pays For Discounted Russian Crude Oil in Yuan
Pakistan Pays For Discounted Russian Crude Oil in Yuan

The deal, for 100,000 tonnes of crude from Moscow, was completed in the Chinese currency and not the US dollar which dominates international oil trade

Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO
US ‘to Extend’ China Chip Curb Waivers for South Korea, Taiwan
India Denies Dorsey Claim of Threat to Shut Down Twitter
Nikkei Soars on Chip Firms Boost Bets, Tech Lifts Hang Seng
China’s Property Sector Will Remain Weak For Years: Goldman
Saudi Arabia Says it Will Collaborate, Not Compete With China
Nikkei Advances, Hang Seng Flat as Traders Wait on Big Data

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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