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Latest: Asia Stock Market News

China Property Firm Shimao to Fight $202m Liquidation Suit
China Property Firm Shimao to Fight $202m Liquidation Suit

The ailing real estate giant is being sued over its failure to repay a loan to state-backed China Construction Bank (Asia) amid a controversial debt restructure

TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab
TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab

Washington will award TSMC's US unit a $6.6bn subsidy and up to $5bn in low-cost loans, after it agreed to expand its investment to $65bn and add a third chip fab in Arizona

US Won’t Allow Chinese Imports to Kill New Industries: Yellen
US Won’t Allow Chinese Imports to Kill New Industries: Yellen

US Treasury chief winds up talks with China's financial leaders; she also warned that Chinese banks could face sanctions if linked to arms deals that aid Russia's war in Ukraine

Nikkei Lifted by Bargain-Buying, Hang Seng Flat on Policy Bets
China Central Bank Announces $70 Billion Loans For Tech Sector
Dutch May Give in to US Push Against Servicing China Chip Tools
Musk Cancels Low-Cost EV Plans Amid Tough China Competition
Nikkei Meltdown After Fed Puts Dampener on Rate Cut Hopes
Yellen Warns China on ‘Excess Production, Unfair Trade’
Huawei Faces Trial in US for Iran Dealings, Trade Secrets

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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