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Latest: Asia Stock Market News

Chinese Power Plants Shut Down in Western Myanmar – Irrawaddy
Chinese Power Plants Shut Down in Western Myanmar – Irrawaddy

Severe impacts from widespread conflict in Myanmar has led to the shutdown of three Chinese LNG power plants near Kyaukphyu port in Rakhine state, a new report says

US and Vietnam to Hold Regular Economic Talks, Lift Tech Ties
US and Vietnam to Hold Regular Economic Talks, Lift Tech Ties

Treasury Secretary Janet Yellen and the State Bank of Vietnam Governor announced the agreements in a statement as Yellen wrapped up a visit to Hanoi, amid a push to boost bilateral ties

Tech Forecast Weighs on Nikkei, Hang Seng Bets on Stimulus
Tech Forecast Weighs on Nikkei, Hang Seng Bets on Stimulus

Unspectacular earnings reports from Tesla and Netflix dampened the mood on trading floors with chip giant TSMC’s downbeat forecast adding to the gloom

China’s Dalian Wanda May be Next Property Giant to Fall
Taj Mahal Flood Puts Focus on India’s Weak Planning – Nikkei
Chinese Envoy Warns US: More Chip Bans and We’ll Hit Back
Tech Dip Weighs on Nikkei, Hang Seng Drops on Stimulus Doubts
Indian Banks Wary About Official Push for More Coal Mines
$55 Billion Crypto Gambling Case on Trial in China – Toutiao
India’s Tata to Build $5 Billion EV Battery Gigafactory in UK

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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