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Latest: Asia Stock Market News

Amid Tense Ties, US Begins Fresh China Audit Inspections
Amid Tense Ties, US Begins Fresh China Audit Inspections

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks

Yellen Urges Reforms, Hits at China’s ‘Unfair’ Actions on US Firms
Yellen Urges Reforms, Hits at China’s ‘Unfair’ Actions on US Firms

Yellen expressed concern about "unfair" and "punitive" actions against US companies in China after a meeting on Friday with US business representatives in Beijing

Nikkei, Hang Seng in Retreat as More Rate Hikes Loom
Nikkei, Hang Seng in Retreat as More Rate Hikes Loom

Asian investors recoiled on Friday as the spectre of another round of central bank tightening cast a shadow across trading floors

China’s Ant Group Facing $1.1bn Fine, to End PBOC Revamp
China Metal Curbs, Rare Earths Risks Fuel Hunt For Safe Sources
China’s Xi Warned Putin Against Using Nukes in Ukraine – FT
Weak Yuan Boosts Chinese Stampede for Hong Kong Insurance
Hang Seng Slumps on Rate Hike Fears, Chip Woes Drag on Nikkei
China Scraps Top EU Envoy’s Trip Amid Chip Metal Curbs Backlash
Big Funds Eye Tokyo Amid Negative Sentiment on China Stocks

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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