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Latest: Asia Stock Market News

HK Court Gives China’s Kaisa 7 Weeks to Finalize Debt Plan
HK Court Gives China’s Kaisa 7 Weeks to Finalize Debt Plan

The Shenzhen-based developer has been working to restructure its offshore debt since defaulting on $12 billion in offshore debt payments in late 2021

AI Could up Profits But Also Disrupt Banking: Citi Report – M’place
AI Could up Profits But Also Disrupt Banking: Citi Report – M’place

New report says the finance sector could face great disruption from AI, and that half the jobs in banking could eventually be made redundant

Broadcom Designing an AI Chip For China’s ByteDance: Sources
Broadcom Designing an AI Chip For China’s ByteDance: Sources

The 5nm application-specific integrated chip would be compliant with US export rules, sources say, with production by TSMC likely next year

Deadly Blaze at South Korean Battery Plant Highlights Fire Risks
EU And China Agree to Negotiations on EV Tariffs, Minister Says
China EV-Makers Eat Into Japan, Korea’s Markets in SE Asia
Hundreds Die in Extreme Heat at Haj, Millions Swelter Across Asia
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows

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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