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Latest: Asia Stock Market News

Exodus of Foreign Judges in Hong Kong Upsets City CEO
Exodus of Foreign Judges in Hong Kong Upsets City CEO

High-profile UK judge Lord Jonathan Sumption said on Monday that judges are being compromised by an “impossible political environment created by China.”

Price Wars by Chinese Retailers Amplify Weak Consumer Outlook
Price Wars by Chinese Retailers Amplify Weak Consumer Outlook

Aggressive discounts have raised turnover for firms like e-commerce giant Pinduoduo, but economists fear they entrench a Japanese-style deflationary mindset in consumers

Trump Says He Will ‘Never Ban TikTok’ if Elected – NYPost
Trump Says He Will ‘Never Ban TikTok’ if Elected – NYPost

Trump’s remarks are a sharp U-turn from his earlier stance on the app, given it was he who began the US crusade against TikTok during his presidency in 2020

Rate Cut Worry, French Poll Shock Hurt Asia; Nikkei Bucks Trend
China’s $41-Billion Buy-up of Unsold Homes Seen Falling Flat
As EU Eyes Tariffs, European States Chase China EV Factories
Small Chinese Banks in G7 Spotlight for Dealings With Russia
US Tensions Hit HK, China Stocks; Job Data Weighs on Nikkei
UN Chief Calls For Windfall Tax on Fossil Fuel Firms – AP
CATL, Gotion Under Scrutiny in US Over ‘Use of Forced Labour’

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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