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Latest: Asia Stock Market News

US Bans China’s Ninestar, Chemical Firm for Forced Labour
US Bans China’s Ninestar, Chemical Firm for Forced Labour

The US banned imports from Ninestar, a large Chinese maker of printers, and Xinjang Zhongtai Chemical, saying their products involve use of Uyghur forced labour

BYD Launches New Brand Fang Cheng Bao, First SUV Out This Year
BYD Launches New Brand Fang Cheng Bao, First SUV Out This Year

The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”

Saudi Arabia Emerging as Hot New Market For Chinese Investors
Saudi Arabia Emerging as Hot New Market For Chinese Investors

Many investors from Greater China are heading to the Gulf this week eyeing fundraising and investment opportunities amid the global economic slowdown and geopolitical tensions with the US

Nikkei Rebounds, Hang Seng Rises Amid Fed Pause Hope
Acer Sold Goods Worth $70m to Russia Despite Vow to Halt Trade
China-Russia Trade Reaches New High With Over 40% Jump – CNN
Competition in Chip Industry an ‘All-Out War’, South Korea Says
Chinese Energy Storage, Battery Firms Plan $1bn Vietnam Plants
Beijing Tight-Lipped on Blinken’s Plan to Visit China This Month
Nikkei Dips, Hang Seng Steady as Rate Hike Fears Dominate

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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