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Latest: Asia Stock Market News

EU’s Borrell Says Trade War With China is ‘Maybe Unavoidable’
EU’s Borrell Says Trade War With China is ‘Maybe Unavoidable’

Europe's top diplomat says the bloc "has no interest in a trade war", but concedes it may be inevitable in the dispute over tariffs to be imposed on Chinese EVs

Walmart Sells $3.6bn Stake in JD.com to Focus on Warehouses
Walmart Sells $3.6bn Stake in JD.com to Focus on Warehouses

US retail giant was the biggest shareholder of JD.com, but sold its entire stake, as e-commerce sector suffers brutal price war, to focus on its warehouse chain

China Hits Back at EU, Opens Anti-Subsidy Probe on Dairy Imports
China Hits Back at EU, Opens Anti-Subsidy Probe on Dairy Imports

A trade war appears to be looming, with Beijing saying on Wednesday it has opened a probe into subsidies given to European dairy producers, after the EU refused to abandon tariffs planned on EVs made in China

Yen Gains Drag on Nikkei, JD.Com Sale Weighs On Hang Seng
Jump in IPOs Helps Hong Kong Exchange Return to Profit
Australia Gives Go-Ahead to $13.5bn Solar Cable to Singapore
EU Reduces New Tariffs on China-Made Teslas By More Than Half
Bondholders Back China Developer Kaisa’s Offshore Debt Rejig
Warning on Tibetan Plateau as World Sees Rise in Heat Records
Nikkei Rallies on Rate Cut Bets, China Data Weighs on Hang Seng

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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