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Latest: Asia Stock Market News

Nikkei Slumps, Hang Seng Dips as Middle East Fears Grip
Nikkei Slumps, Hang Seng Dips as Middle East Fears Grip

Israel’s missile attack on Iran sent investors heading for safe-haven currencies, gold and crude oil

Study Shows Half of China’s Big Cities Sinking, Rising Seas Risk
Study Shows Half of China’s Big Cities Sinking, Rising Seas Risk

Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year, with 16% sinking more than 10mm a year, affecting millions of residents

China’s Weak Consumer Spending is Holding World Back: IMF Chief
China’s Weak Consumer Spending is Holding World Back: IMF Chief

The International Monetary Fund’s managing director said Beijing needed to address its property crisis to give consumers more confidence to spend

TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand
Hang Seng, Nikkei Rally on Tech Boost, Fed Rate Bets
Oracle to Spend $8 Billion in Japan on Cloud Services, AI
Japan, Korea, US Agree Forex Cooperation As Yen, Won Dive
Biden to Propose Tripling Tariffs on Metal Products From China
Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades
IMF Tips 3.2% Global Growth, Warns China on Property Crisis

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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