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Latest: Asia Stock Market News

Asian Stocks Slide After Powell Says Bigger Rate Hikes Possible
Asian Stocks Slide After Powell Says Bigger Rate Hikes Possible

Shares in Hong Kong, Sydney and Shanghai took a tumble, while MSCI's broadest index of Asia-Pacific shares outside Japan was 1.7% lower; dollar rises to 3-month high

Nissan Credit Rating Downgraded to Junk Status by S&P
Nissan Credit Rating Downgraded to Junk Status by S&P

The Japanese auto giant’s outlook was still stable, said S&P, citing its financial discipline and sound balance sheet

Japan Destroys Failed Flagship Rocket 14 Minutes After Launch
Japan Destroys Failed Flagship Rocket 14 Minutes After Launch

The rocket’s failure dealt a blow to Japan’s efforts to cut the cost of accessing space and compete against Elon Musk's SpaceX

Huawei, ZTE Face German 5G Ban Over ‘China Backdoor’ Fears
China Plans New Financial Regulator, to Scrap Banking Watchdog
Asian Stocks Rally Derailed by Downbeat China Trade Data
China Exports, Imports Slump in First 2 Months as Demand Sinks
China’s Xi Admits Mixed Feelings on CATL’s EV Battery Success
SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO
Chinese Firms Holding Dollars as Hedge if Yuan Loses Value

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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