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Latest: Asia Stock Market News

China Claims US Flew High-Altitude Balloons Over its Airspace
China Claims US Flew High-Altitude Balloons Over its Airspace

The claim comes amid state media reports that Chinese authorities were ‘preparing’ to shoot down an unidentified flying object near a major port city

Alibaba Sells Final Stake in India’s Paytm For $167 Million
Alibaba Sells Final Stake in India’s Paytm For $167 Million

Chinese tech giant's sell-out comes days after Paytm posted its first-ever quarterly operating profit. Meanwhile, Morgan Stanley Asia bought 5 million Paytm shares in trading on Friday

China Tightens Banks’ Reporting Rules to Classify Risks Better
China Tightens Banks’ Reporting Rules to Classify Risks Better

China’s banks have been given till 2025 to rate their financial assets; listing bond investments, interbank lending and off-balance-sheet assets into five categories ranging from 'normal' to 'loss'.

Alibaba, Tencent Race to Build ChatGPT Rivals – Nikkei
Yen Shoots up as Ueda Nominated as New Bank of Japan Chief
Tesla Starts Raising China EV Rates After Igniting Price War
China to Set Up Blockchain Research Centre in Beijing – SCMP
Asia Stocks Retreat on US Inflation Fears But Nikkei Advances
India Finds Huge Lithium Deposits For First Time in Far North
US Weighs Sanctions on Chinese Entities Linked to Spy Balloon

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Asia stock market insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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