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Latest: Asia Stock Market News

Top China Envoy Says Road to Xi-Biden Meet ‘Won’t Be Smooth’
Top China Envoy Says Road to Xi-Biden Meet ‘Won’t Be Smooth’

The Biden administration sees direct leader-level engagement with Xi as particularly important in managing US-China tensions

Nikkei Slips on Israel Fears, Hang Seng Flat Despite Stimulus
Nikkei Slips on Israel Fears, Hang Seng Flat Despite Stimulus

The intensifying conflict in and around Gaza continues to unsettle investors while a host of central bank meetings this week is unlikely to bring good news

Philippines Drops China Funding Deal for Rail Links – Benar
Philippines Drops China Funding Deal for Rail Links – Benar

Manila has scrapped a deal with China to fund and build three rail projects on Luzon and Mindanao islands, which were considered defunct even before Marcos Jr took office in mid-2022

HK Court Gives China Evergrande a Month to Rejig Its Debt Plan
Asia Investors Watch Nervously as Middle East War Intensifies
Asia Economies Warned High Inflation to Persist Into Late 2024
Chinese Industry Extends Turnaround as Profits Rise Again
Top China Envoy Likely to Meet Biden After Call for Dialogue
Hang Seng, Nikkei Rally on US Inflation Hopes, China Data
Nomura Reviewing China Plans as Shanghai JV Losses Mount

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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