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Latest: Asia Stock Market News

China’s Factory, Services Activity Cools in April Amid Slowdown
China’s Factory, Services Activity Cools in April Amid Slowdown

Official surveys of manufacturing and the service sector show economic momentum eased in April, although a private Caixin survey was slightly more positive

Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech
Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech

Interest in local Chinese partnerships comes at a time when foreign carmakers are quickly losing share in the world’s biggest car market

Shares of China Property Developers Rally on Stimulus Hopes
Shares of China Property Developers Rally on Stimulus Hopes

Rally appears driven by speculation the CCP Central Committee will loosen property policies this week and inject stimulus to boost sales

China Warns US Not to Implement Taiwan Aid, TikTok Sale
Hang Seng, China Stocks Gain on Property Boost; Nikkei Closed
China Brokerage Slashes Bankers’ Base Pay, Sources Say
Tesla Signs Deal With Baidu on China Roads Mapping Data
China-Russia Trade ‘Goes Underground’ as Big Banks Pull Back
Huawei’s Smart Car Tech Gives Foreign Brands A Way Into China
NATO Warns China: Good Ties at Risk, if You Keep Backing Russia

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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