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Latest: Asia Stock Market News

China’s Feuding Online Fashion Retailers: Temu vs Shein
China’s Feuding Online Fashion Retailers: Temu vs Shein

Temu said on Wednesday it has been the target of "unlawful exclusionary tactics" since its launch in the US, which forced it to take legal measures to defend its rights due to "attacks" from Shein

Investors Load Up Bullish Bets on China After Growth Setback
Investors Load Up Bullish Bets on China After Growth Setback

Goldman Sachs analysts project a 15% 12-month return for the CSI300, which is now down 0.5% for the year, in stark contrast to the 16% rise in world stocks.

Nikkei Gains as BoJ Stands Firm, Hang Seng Dips on China Data
Nikkei Gains as BoJ Stands Firm, Hang Seng Dips on China Data

Tokyo was boosted by Bank of Japan Governor Kazuo Ueda signalling his resolve to maintain an ultra-loose monetary policy while Wall Street rallied

China Evergrande Restructure Doubts After $81bn Loss Revealed
India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees
CITIC’s Hong Kong Bankers Face Shift to Mainland, Pay Cut
Chip Firms Meet US Officials on China as Lobby Warns On Curbs
Hang Seng Slumps on China Growth Worries, Tech Lifts Nikkei
Indian Shares Soar to New Highs, Lifted by Reliance, HDFC
India Not Keen To Green-Light BYD’s $1bn EV Investment – ToI

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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