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Latest: Asia Stock Market News


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China’s Country Garden ‘Hires Kroll For Liquidation Assessment’
China’s Country Garden ‘Hires Kroll For Liquidation Assessment’

Sources say China's biggest developer, which went into default in October with debts of $190 billion, has hired Kroll to do a liquidation analysis; it could be the second giant builder to go under

Xi to Visiting Dutch PM: No One Can Stop China’s Tech Progress
Xi to Visiting Dutch PM: No One Can Stop China’s Tech Progress

The Chinese president also warned his Dutch counterpart against restricting chip ties with Beijing, amid increasing pressure from the United States

Alibaba Ditches Cainiao IPO, Offers to Buy Remaining Shares
Alibaba Ditches Cainiao IPO, Offers to Buy Remaining Shares

The e-commerce giant has abandoned plans to list its cross-border logistics unit and is offering minority shareholders of Cainiao a chance to sell their stock for $0.62 per share

Yen’s Record Slide Lifts Nikkei, Hang Seng Falls on China Doubts
Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say
China’s Xi to Meet US Business Chiefs Amid Chip Tensions
China Says Hacking Claims by US and UK is ‘Political Slander’
Nikkei Flat Despite Tech Rally, Hang Seng Gains on Policy Bets
China’s Retaliatory Bans Could Cost US Tech Giants Billions
CATL in Talks With Tesla on Battery Tech Licence in US: WSJ

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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