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Latest: Asia Stock Market News

Falling Business, Consumer Confidence Hinders China Recovery
Falling Business, Consumer Confidence Hinders China Recovery

Rising concern about consumer and business confidence in China - as strict curbs aimed at stamping out Covid-19 undercut a return to prosperity - have hampered growth

Pakistan Drops Coal Plant Plan For China Solar – The News
Pakistan Drops Coal Plant Plan For China Solar – The News

The Pakistan Ministry for Energy wants to move away from imported power sources like coal and use more wind, solar and hydroelectric

US Regulator’s Hard Line on China Stocks: No Audit, No Listing
US Regulator’s Hard Line on China Stocks: No Audit, No Listing

US public accounting regulators will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, sources said on Tuesday

China Plans Mammoth Tunnel To Ship Water to Beijing – SCMP
Asian Stocks Slip But China Shares Lifted by Property Pledge
China’s Sinopec ‘Refusing to Pay High Prices’ for Russian Oil
Ant Executives Sever Ties With Alibaba After China Crackdown
Alibaba Shares Jump on News of Dual Listing in Hong Kong
China Denies Data Ranking Plan to Avoid US Delistings
Asia Shares Slip as Nervous Traders Wait on Fed, US Data

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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