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Latest: Asia Stock Market News

Huge Debts Limiting Services in Some Chinese Cities – CNN
Huge Debts Limiting Services in Some Chinese Cities – CNN

Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default

Big Money Rescues Adani Share Sale Despite Hindenburg Fallout
Big Money Rescues Adani Share Sale Despite Hindenburg Fallout

Adani’s firm reportedly held extensive discussions with investment bankers and institutional investors over the weekend to attract subscriptions to the FPO

Asia Stocks Slip on Rate Hike Fears Despite China Recovery
Asia Stocks Slip on Rate Hike Fears Despite China Recovery

Investors cashed in on Tuesday after a recent rally as markets readied for more interest rate rises in the US

Samsung to Keep Up Chip Spending Despite 8-Year Low Profits
China’s Baidu to Launch ChatGPT-Style AI Bot Soon
Nikkei Edges Ahead But Hang Seng Slides as Rate Hikes Loom
Japan Chip Equipment Makers Unaware of New China Restrictions
Adani Group’s Market Meltdown Hits $70 Billion Despite Rebuttal
China’s 2022 Smartphone Sales Plunge to Lowest in a Decade
Steps Made Towards Deal on Fresh China Chip Curbs: ASML

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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