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Latest: Asia Stock Market News

China EV Sales Hit Record in October Amid Demand Slowdown Worry
China EV Sales Hit Record in October Amid Demand Slowdown Worry

China seems poised to the end the year on a high too, with the final two months of the year seen as seasonally high for vehicle sales

China Tells Local Officials to Halt Risky Public-Private Projects
China Tells Local Officials to Halt Risky Public-Private Projects

Beijing is desperate to rein in years of over-investment in infrastructure to prevent $12 trillion of local government debt from rising and weighing on the economy

China Plans New Checks For Auditors, Accounting Firms
China Plans New Checks For Auditors, Accounting Firms

If approved, the new measures will apply specifically to auditors that have been hired by domestic firms or are conducting cross-border work

Nikkei Rises, But Hang Seng Slips Ahead of US Inflation Data
Biden, Xi Will Vow to Ban AI in Nuclear Weapons, Drones – SCMP
Kishida-Xi Talks May Touch on Arrests Killing Bilateral Business
China’s Top Bank Paid Ransom After Cyber Attack, Gang Says
China’s Didi Posts Quarterly Profit as Comeback Continues
China’s Focus on High-Tech Manufacturing Spurs Trade Fears
Hang Seng Gains, Nikkei Flat as China Fears, Earnings Distract

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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