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Latest: Asia Stock Market News

China Banks Move to Stabilize Yuan as Stock Markets Slide
China Banks Move to Stabilize Yuan as Stock Markets Slide

China's state banks actively sold dollars in the foreign exchange market on Monday to stop the currency from suffering a rapid decline after markets in Shanghai and Hong Kong fell by over 2%

Russia Jumps Saudi to be China’s Biggest Oil Supplier in 2023
Russia Jumps Saudi to be China’s Biggest Oil Supplier in 2023

Russia shipped a record 107 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), data from Chinese customs showed

Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA
Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA

Singapore police have issued arrest warrants for two ethnic Chinese linked to a massive money laundering case involving assets that now total over S$3 billion (US$2.24 billion)

China Firms Using Own Cash to Launch ‘Sponsored’ Equity Funds
Top China Bank to Pay $32m Penalties For US Regulatory Lapses
Red Sea Attacks Spur a Surge in Asia-to-Europe Air Freight
TSMC’s AI Bet Triggers Mega Chip Rally, Except in China
Debt-Laden Chinese Regions Told to Stop Some State Projects
Nikkei Lifted by Global Tech, Hang Seng Dips on China Worries
BYD’s Thai Distributor to Triple EV Outlets as Sales Boom

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Asia Financial Insights
Asia stock market insights, analysis, and guides from Asia Financial’s market and new economy experts.
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AF China Bond

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