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Latest: Asia Stock Market News

The inexorable rise of the Chinese yuan
The inexorable rise of the Chinese yuan

(ATF) The People’s Bank of China (PBoC) set yuan parity with the US dollar at 6.8903 on Thursday...

Australian and Chinese markets boosted by data
Australian and Chinese markets boosted by data

(ATF) Hong Kong: Asian market sentiment...

Alibaba in talks to hike stake in China courier YTO Express
Alibaba in talks to hike stake in China courier YTO Express

Alibaba is in talks with the founders of YTO Express Group to raise its stake in the Chinese courier company with an aim to...

Covid may push Japan’s credit costs to crisis levels: BOJ man
CEO Mayer jumps ship as TikTok fights ban in courts
Korean central bank cuts GDP outlook, open to stimulus
Chinese EV maker Xpeng increases US IPO size to $1.5 billion
China’s industrial profits grow at fastest pace since mid-2018
Asian markets edgy awaiting Powell’s growth analysis
Xi announces thoughts on next five-year plan

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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