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Latest: Asia Stock Market News

Yuan Dives to Lowest Level in 16 Years as Recovery Wanes
Yuan Dives to Lowest Level in 16 Years as Recovery Wanes

The yuan is one of region's worst performing currencies and has depreciated about 6.1% against the US dollar so far this year

China’s Ban on iPhone Use Expands to Local and State Entities
China’s Ban on iPhone Use Expands to Local and State Entities

China's ban on iPhone use by government workers was extended to local government entities last month, raising fears that Apple and its suppliers could be hit hard by rising Sino-US tension

Nikkei Dips on iPhone Ban Fallout Fears, Storm Shuts Hang Seng
Nikkei Dips on iPhone Ban Fallout Fears, Storm Shuts Hang Seng

Beijing’s move to curb iPhone use by government employees unnerved traders, raising the threat of an escalating Sino-US trade war

Hong Kong Shuts Down After Heaviest Rain on Record
China Rare Earth Prices Soar on Myanmar Mine Closures
Key US Lawmaker Wants End to Chip Exports to Huawei, SMIC
Top China Auto Chipmaker Racks Up $2.7 Billion in State Funding
Australia-China Trade Improves, Albanese to Visit Beijing Soon
Nikkei Snaps 8-Day Streak; Property, Tech Drags on Hang Seng
Tesla Sues China Chip Designer for ‘Stealing Tech Secrets’

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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