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Latest: Asia Stock Market News

‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban

In a 99-page document submitted to a US court, TikTok and ByteDance argued the divest-or-ban bill was punitive, speculative and needed to be struck down

Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Habeck in Beijing to Discuss Trade, as Germany Pivots to US

Germany's trade with China has been falling, while deals with the US have risen. In the first quarter, the US surpassed China as Germany's top trade partner, for the first time in eight years

Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows
Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows

Yuan drops to 7.26 to the US dollar, amid a flood of cash from the mainland to Hong Kong, while foreign equity investors have also withdrawn $4.5bn this month via Stock Connect

India Refusing to Restart Direct Passenger Flights With China
US, China Hold Informal Nuclear Talks, Discuss Taiwan
China EV Firms Scaling Back European Plans Over Subsidy Probe
Putin Keen to Remind the West he Has Old Friends in Asia
India’s Biocon Seeks China Firm to Test Diabetes, Diet Drugs
China Signs $2.8bn Deals in Malaysia, Eyes Pan SE Asia Rail Link
Chinese Carmakers Call For 25% Retaliatory Tariffs on EU Cars

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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