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Latest: Asia Stock Market News

Cash-Poor Chinese Cities Seek Tax Debts From 1990s – CNN
Cash-Poor Chinese Cities Seek Tax Debts From 1990s – CNN

At least eight major listed companies in China have disclosed that they’ve received demands to pay historical taxes, in one case going as far back as the 1990s

Warren Buffett Cuts Stake in China’s BYD to Less Than 6%
Warren Buffett Cuts Stake in China’s BYD to Less Than 6%

Buffett’s holdings in the carmaker are down more than 70% amid increasing technology and trade tensions between the United States and China

Red Sea Attacks, US Tariffs on China Imports Choke Asian Ports
Red Sea Attacks, US Tariffs on China Imports Choke Asian Ports

Increasing disruptions mean global buyers face the risk of another spate of price increases like the post-pandemic inflation spike which central banks are still trying to tame

China Denies US Envoy’s Claim It Sabotages Embassy Events
Japan Faces Possible GDP Downgrade, BOJ Policy Impacts
SK Group Eyes Major Overhaul Amid Losses At Battery, Chip Units
Japan Hits 11 Firms, 5 States with Ukraine Sanctions – Nippon
Canada Mulls Import Tariffs on Chinese EVs as Pressure Builds
Bank of Japan Seen Hinting at Rate Hikes Next Month
US Review of Chinese Telecom Firms for Internet, Cloud Risks

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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