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Latest: Asia Stock Market News

Yen Sinks Below 150 to Dollar, Market Watch for Intervention
Yen Sinks Below 150 to Dollar, Market Watch for Intervention

Central bank unable to slow drop past key level, despite vow to buy 100 billion yen ($667 million) of state debt with 10-20 maturities plus another 100bn of bonds with maturities of 5-10 years

Iron Ore Shipments Slowing as Demand Weakens, Rio Tinto Warns
Iron Ore Shipments Slowing as Demand Weakens, Rio Tinto Warns

Falling prices and cooling demand in China, because of the prolonged crisis in its property sector, caused Rio to more than halve its interim dividend payout in July

Asia Stocks See US Earnings Lift But Congress Caution Weighs
Asia Stocks See US Earnings Lift But Congress Caution Weighs

Many of the region’s bourses tracked a Wall Street rally overnight but China’s markets slipped amid the CCP’s five-yearly summit

Japan Repeats Readiness to Back Yen as it Hits 32-Year Low
Asia Stocks Advance on UK Tax U-Turn, Upbeat US Earnings
China Faces Largest Outflows Since 2016 as Investors Eye US Rates
Indonesia’s Currency Under Siege From Unrelenting Dollar
China Delays Release of GDP Data During CCP Congress
Asia Stocks Mixed as Recession, Rate Hike Fears Dominate
‘Huge’ Dollar Buying by China State Banks to Bolster Yuan

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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