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Latest: Asia Stock Market News

China Brokerage Slashes Bankers’ Base Pay, Sources Say
China Brokerage Slashes Bankers’ Base Pay, Sources Say

The base pay of investment bankers at CICC has been cut 25%, sources say, amid the economic slowdown and sluggish IPO returns

Tesla Signs Deal With Baidu on China Roads Mapping Data
Tesla Signs Deal With Baidu on China Roads Mapping Data

Sources say the agreement with China's top internet firm on use of its data on China's public roads clears a final regulatory hurdle for Tesla's driver assistance system.

China-Russia Trade ‘Goes Underground’ as Big Banks Pull Back
China-Russia Trade ‘Goes Underground’ as Big Banks Pull Back

Heightened risk of US sanctions has caused China's big banks to go cold on financing Russia-related transactions, trade and banking sources said

Huawei’s Smart Car Tech Gives Foreign Brands A Way Into China
NATO Warns China: Good Ties at Risk, if You Keep Backing Russia
If Legal Fight Fails, ByteDance ‘Would Prefer to Shut TikTok in US’
Hang Seng Gains on Tech Earnings, Nikkei Up as BoJ Stands Firm
Blinken Meets Xi, Warns on China’s Support for Russian War
China Unveils Brain Chip Similar to Elon Musk’s Neuralink
TikTok Vows ‘We Will Fight’ After Biden Signs Sale Order

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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