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Latest: Asia Stock Market News


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China Stocks Lead Asia Rally, Nikkei Drops Under Yen Pressure
China Stocks Lead Asia Rally, Nikkei Drops Under Yen Pressure

Expectations of an easier US monetary policy also boosted investor sentiment across Asia after inflation data on Friday fuelled rate-cut hopes

TikTok Ban Would be Hypocrisy, Apple Co-founder Says – CNN
TikTok Ban Would be Hypocrisy, Apple Co-founder Says – CNN

Steve Wozniak said any US move to ban tech platforms that track users should apply to all companies that do it, such as Facebook and Google

Job Cuts Loom at China’s SAIC, Plus JVs with GM, VW
Job Cuts Loom at China’s SAIC, Plus JVs with GM, VW

Sources claim state-owned SAIC Motor plans to cut 30% of workers at its JV with General Motors, 10% at its unit with Germany's Volkswagen, plus half the staff at its Rising Auto EV unit

PAG in 60% Buyout of Wanda Mall Unit in China for $8.3 Billion
US Releases Detailed Rules For Export Curbs on AI Chips to China
In Battle for China EV Market, Xiaomi’s ‘Thor’ Takes on Elon Musk
Huawei Profits Jump 144% in Fastest Growth Since US Sanctions
Nikkei Boosted by Big Tech, Policy Hopes Lift China Stocks
US ‘Drawing Up List of Sanctioned Advanced Chinese Chip Fabs’
China’s Big 5 Lenders Warn of Property Risks as Margins Shrink

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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