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Latest: Asia Stock Market News

SoftBank’s Arm Stresses China ‘Risks’ in $60bn US IPO Filing
SoftBank’s Arm Stresses China ‘Risks’ in $60bn US IPO Filing

The more than 300-page document mentioned "PRC" 130 times and "China" 222 times, as it outlined risks and uncertainties emanating from the ongoing chip war between Beijing and the West

Rare Earth Magnet Firms Plan Vietnam Plants as China Hedge
Rare Earth Magnet Firms Plan Vietnam Plants as China Hedge

South Korea’s Star Group Industrial and China’s Baotou INST Magnetic will join companies in sectors such as electronics and autos in shifting assembly lines amid backdrop of increasing trade rivalry

China Fines Raided US Firm $1.5 Million for ‘Unapproved’ Work
China Fines Raided US Firm $1.5 Million for ‘Unapproved’ Work

Multiple sources said earlier this year that Mintz was looking into the possible use of forced labour in supply chains linked to Xinjiang in days prior to Beijing's crackdown

VinFast US Shares Dive Nearly 60% in 3 Days After $85bn Listing
Hang Seng and Shanghai Hit 9-Month Lows, Nikkei Edges up
China Looking Into Second National For ‘Spying’ For US
China’s State Banks Seen Buying Yuan in Offshore Markets
Key Bangladeshi Bank Freezes Myanmar Regime Accounts
Biden Keen to Upgrade US Partnership With Vietnam – Politico
About Half of American Adults Favour TikTok Ban, Poll Finds

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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