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Latest: Asia Stock Market News

CITIC’s Hong Kong Bankers Face Shift to Mainland, Pay Cut
CITIC’s Hong Kong Bankers Face Shift to Mainland, Pay Cut

CITIC's Hong Kong platform is expected to demand its investment bankers move to the mainland with their pay lowered to local levels or face the prospect of losing their jobs, sources say

Chip Firms Meet US Officials on China as Lobby Warns On Curbs
Chip Firms Meet US Officials on China as Lobby Warns On Curbs

The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to the world's second-largest economy

Hang Seng Slumps on China Growth Worries, Tech Lifts Nikkei
Hang Seng Slumps on China Growth Worries, Tech Lifts Nikkei

Hong Kong felt the force of a selling storm after closing for Typhoon Talim on Monday with investors unnerved by China’s growth outlook

Indian Shares Soar to New Highs, Lifted by Reliance, HDFC
India Not Keen To Green-Light BYD’s $1bn EV Investment – ToI
US Keen to Help China on Deal to Curb Methane Emissions
Xiaomi to Switch India Strategy in Bid to Rival Samsung
China Stocks Slip on Growth Fears, Typhoon Closes Hang Seng
China’s Weak 2nd Quarter Growth Shows Need for Support
Kerry Flies to China Seeking to Revive Climate Cooperation

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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