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Latest: Asia Stock Market News

Chinese Clients Ditching PwC After China Evergrande Fiasco
Chinese Clients Ditching PwC After China Evergrande Fiasco

Five large corporates have severed ties with global accounting giant after claims it turned a blind eye to misconduct at China Evergrande - which it strongly denies

India Markets Plunge as Modi Falls Short of Landslide Win
India Markets Plunge as Modi Falls Short of Landslide Win

Modi is still on track to return to power in India for a rare third-term, but will now be reliant on alliance partners to stake a claim to form and keep running the government

Indian Shares Fall While Hang Seng Rises, Asia Markets Dip
Indian Shares Fall While Hang Seng Rises, Asia Markets Dip

Asian markets were generally subdued on Tuesday – except for India, where news that the Modi government may fall short of a big election win caused shares to sink

China Turns on World’s Biggest Solar Farm in Western Desert
China’s Property Debts Seen Weighing Down Economy for Years
Vietnam’s Massive Saigon Bank Bailout Rises to $24.5 Billion
Toyota, Honda in the Net as Japan Safety Test Scandal Worsens
Putin Wants Chinese Banks to Help Military Parts Trade – FT
More US Law Firms Ditch Shanghai as Business Slumps – FT
Modi Work Reforms Aim to Make India a Global Manufacturing Hub

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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