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Latest: Asia Stock Market News

Missing Banker Bao Fan Resigns From China Renaissance – CNN
Missing Banker Bao Fan Resigns From China Renaissance – CNN

China Renaissance filed a report to the Hong Kong stock exchange on Friday that said Bao Fan would step down immediately as chairman and CEO for "health reasons"

Asian Rivals Posing a Challenge to Apple’s iPhone Sales in China
Asian Rivals Posing a Challenge to Apple’s iPhone Sales in China

Tech giant's revenue target cut by billions amid signs that Chinese consumers are buying more 'foldables' and smartphones from Huawei, powered by a locally-made chip

China Asks Local Governments Not to Use Tech Funds to Pay Debt
China Asks Local Governments Not to Use Tech Funds to Pay Debt

Provincial-level governments in China are mounted with $13 trillion of debt but also account for about two-thirds of the country's science and technology expenditure

China Carmakers ‘Must Ensure Parts Not Made by Forced Labour’
Trump Eyes 60% China Tariffs, Sparks New Trade War Fears – WP
Hang Seng Rallies on Policy Bets, Nikkei Slips on Fed Warnings
Raimondo Says Chinese EVs Are a National Security Risk For US, EU
Red Sea Crisis Likely to Drag on For Some Time: Shipping Chief
Oil Producers, Carmakers Knew of Climate Risk in 1954 – Guardian
Nikkei Tops Global Tree, China Data Weighs on Hang Seng

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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