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Latest: Asia Stock Market News

New China Life’s IFS rating affirmed at A by Fitch; Outlook stable
New China Life’s IFS rating affirmed at A by Fitch; Outlook stable

Fitch Ratings has affirmed New China Life Insurance’s (NCI) Insurer Financial Strength (IFS) Rating at A (Strong). The...

CITIC Ltd’s proposed bond rated BBB+ by S&P
CITIC Ltd’s proposed bond rated BBB+ by S&P

S&P Global Ratings has assigned a BBB+ long-term issue rating to a proposed drawdown of the medium-term note...

Shanxi Cultural Tourism Group issues virus ‘war bond’
Shanxi Cultural Tourism Group issues virus ‘war bond’

Shanxi Cultural Tourism Group said it has successfully issued an 800 million yuan “War on Covid-19” bond. The...

Sinopharm sells ultra-short term financing debt
CITIC issues advice for outbreak and beyond
Exchange opens green-channel for virus-linked sales
Real estate firms living on short-term cash
Tianjin completes entire year’s debt sales in six weeks
China stimulus spurs global rally
Huawei, Meng face new US charges of trade theft

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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