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Latest: Asia Stock Market News

Key EV Software Must be Made in an Allied Nation: US Official
Key EV Software Must be Made in an Allied Nation: US Official

Top Commerce official says new US rules, to be announced next month, would limit the software in electric vehicles made in China

PwC Slashes Financial Audit Staff in China After Clients’ Mass Exit
PwC Slashes Financial Audit Staff in China After Clients’ Mass Exit

The auditing giant has been forced to slash its auditing staff in China following a mass exodus of clients in the wake of the China Evergrande accounting fiasco, sources say

World Bank Looking to Bolster Financial Links for Pacific Islands
World Bank Looking to Bolster Financial Links for Pacific Islands

The World Bank is working with Australia and the US on ways to expand banking services for small nations in the Pacific to boost trade, tourism and remittances

Chinese Brokerage to Boost Investment Banking in Southeast Asia
Trump Tech War Fears Hit Hang Seng, Earnings Hopes Lift Nikkei
Melting Ice Caps Slows Earth’s Spin, Makes Days Longer – AFP
N Korean Hackers Used Cambodian Firm to Launder Stolen Crypto
Cambo-Chinese Firm Tied to Crypto Scams, Money Laundering
Thai Economy Rocked by Factory Closures, Cheap Chinese Imports
Hang Seng Dips on Trump Fears, Stimulus Bets Lift China Stocks

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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