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Latest: Asia Stock Market News

Russia Buying Chinese Drones for War in Ukraine – Nikkei
Russia Buying Chinese Drones for War in Ukraine – Nikkei

Nikkei says an investigation has found that customs records confirm that Russia has been buying drones from Chinese companies specifically for use in its war in Ukraine

China’s New Anti-Espionage Law Puts Firms at Risk, US Warns
China’s New Anti-Espionage Law Puts Firms at Risk, US Warns

The US warns that China's anti-espionage law provides extra grounds to access and control data held by foreign firms in China and could criminalise normal business activity

Australian Corruption Probe Finds China Links to State MP
Australian Corruption Probe Finds China Links to State MP

A former NSW Premier was in a secret relationship with an MP accused of corrupt conduct over a visa scheme for Chinese nationals

Dutch Restrict Chip Exports Amid US Push to Tighten China Curbs
Chinese Online Fashion Giant Shein Files For US IPO
Nikkei Slides as Boom Fades, Hang Seng Slips on China Worries
China’s Sinopec Starts First Green Hydrogen Plant in Xinjiang
Pakistan Wins Initial IMF Agreement on Vital $3-Billion Bailout
China Offshore Listings Backlog Blamed on New Scrutiny Rules
China Steel Exports Heat Up on Weak Yuan, Set For 7-Year High

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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