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Latest: Asia Stock Market News

China Knows Its Economic Future is Tied to West, Says Biden
China Knows Its Economic Future is Tied to West, Says Biden

The Biden administration has been pressuring China to refrain from supporting Russia including by helping it counter Western sanctions and providing military assistance

New Zealand Media Firm NZME Seeks Google Content Deal
New Zealand Media Firm NZME Seeks Google Content Deal

NZME, which owns the New Zealand Herald, also said it was in discussions with Facebook parent Meta Platforms over various digital projects for next year

Hong Kong Clings to Finance Hub Ranking – SCMP
Hong Kong Clings to Finance Hub Ranking – SCMP

The city ranked third in the 31st edition of the semi-annual Global Financial Centres Index, produced by the China Development Institute in Shenzhen

Bank’s Microloans Top 1tn Yuan – Shanghai Securities News
Invesco Backs Off From Zee Board Changes – Nikkei Asia
‘Unprecedented’ China Cash Flows May be Linked to Russia: IIF
Asian Stocks Edge Back After Biden Warns Beijing on Russia
Japan Prosecutors Urge SMBC Nikko Executive to Surrender
Samsung’s Controlling Family Sells $1.1bn in Shares to Pay Tax Bill
Moderna Wrestles with Pfizer for Japan Market Share

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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