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Latest: Asia Stock Market News

Foxconn Invests $500 Million in India iPhone Factory
Foxconn Invests $500 Million in India iPhone Factory

The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India

EU Escalates WTO Case Against China Over Patents, Lithuania
EU Escalates WTO Case Against China Over Patents, Lithuania

The disputes concern alleged Chinese restrictions on EU companies' rights to use foreign courts to protect their high-tech patents and on trade with EU member Lithuania

Asia Stocks Slip But Hang Seng Surges on Covid Curbs Hopes
Asia Stocks Slip But Hang Seng Surges on Covid Curbs Hopes

Hong Kong’s benchmark index was boosted by news its government was poised to roll back more Covid restrictions but fears of recession dominated elsewhere

China Buys Russian Oil at Deepest Discount in Months
EV Maker Vietnam’s First Company to List in US
Plunging Trade Risks China’s Status as the ‘World’s Factory’
Asia Stocks Sink as Recession, China Covid Fears Weigh
China Makes Most Sweeping Changes Yet to Anti-Covid Policy
TSMC Not Leaving, Says Taiwan as Arizona Factory Fuels Worry
China’s Trade Slumps to Lowest Levels in Over Two Years

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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