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Latest: Asia Stock Market News

ANZ Bank Facing Probe over Issuance of Treasury Bonds
ANZ Bank Facing Probe over Issuance of Treasury Bonds

ANZ Bank confirmed on Monday that the country's corporate regulator is investigating it for suspected violations in the issuance of 10-year treasury bonds

Shein Looking to File For IPO in London as US Plans in Limbo
Shein Looking to File For IPO in London as US Plans in Limbo

The plan for a US IPO is still officially on the table for Shein as it still prefers New York as its listing venue

South Korea to Announce $7 Billion Package For Chip Industry
South Korea to Announce $7 Billion Package For Chip Industry

The package is part of President Yoon Suk Yeol’s pledge to pour all possible resources into winning the "war" in chips

Foreign Direct Investment in China Plunges 56% in Q1: Nikkei
Revised Bill Gives US Firms Time to Cut Ties With China Biotechs
Chinese EV Maker Zeekr Flies on Blockbuster US Market Debut
Energy Shares Lift Hang Seng; New US Sanctions Trip China Stocks
China Chipmaker SMIC Sees Revenue Jump 20% Amid Demand Woes
China Car Exports Hit Record High in April, as Local Sales Drop
US Insurer Sues China’s Third Biggest Bank Over ‘Massive Fraud’

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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