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Latest: Asia Stock Market News

Small China Banks May Take $300bn Hit From LGFV Debts: S&P
Small China Banks May Take $300bn Hit From LGFV Debts: S&P

Regional banks may need support from the PBOC as they have high exposure to local government financing vehicles set up by provinces for spending on infrastructure, S&P Global Ratings says

Nikkei, Hang Seng Dip as Israel-Gaza War Threatens to Spread
Nikkei, Hang Seng Dip as Israel-Gaza War Threatens to Spread

Investors were in no mood to take on risk as Middle East tensions showed no signs of easing while surging yields added to the pressure

More China State Firms in Share Buyback Bid to Prop Up Market
More China State Firms in Share Buyback Bid to Prop Up Market

China's bluechip CSI300 Index dropped to an 11-month low on Thursday despite the release of better-than-expected economic data

Huawei Sells 1.6m Mate 60 Phones in Six Weeks as Apple Falters
US Curbs Set Off Sales, Tech Boom for China Chip Equipment Firms
US Seeks Details on Sequoia’s Chinese Tech Investments – FT
Hang Seng, Nikkei Slump On Middle East Tensions, Fed Fears
US Seizes Website Domains Used by North Korean IT Workers
Uncertain Sydney Project Another Victim of China’s Property Crisis
China’s Xi Pitches BRI For AI Governance, Green Development

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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