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Latest: Asia Stock Market News

China Looking Into Second National For ‘Spying’ For US
China Looking Into Second National For ‘Spying’ For US

Earlier this month, China called on all its citizens to be spies for the country, alarming the United States

China’s State Banks Seen Buying Yuan in Offshore Markets
China’s State Banks Seen Buying Yuan in Offshore Markets

The move effectively raised the cost of shorting the Chinese yuan, at a time the local unit is facing mounting depreciation pressure. It follows similar action last week.

Key Bangladeshi Bank Freezes Myanmar Regime Accounts
Key Bangladeshi Bank Freezes Myanmar Regime Accounts

A Bangladeshi bank that handles most bilateral trade with Myanmar has frozen the accounts of two key Myanmar banks as US sanctions tighten the taps on the junta's financial resources

Biden Keen to Upgrade US Partnership With Vietnam – Politico
About Half of American Adults Favour TikTok Ban, Poll Finds
China EV-Makers Start Steady in Europe Amid Cost, Trust Issues
China’s Deleveraging Overdue, Debt Freezing the Economy: Dalio
Nikkei, Hang Seng Retreat as China Outlook Concerns Deepen
China Evergrande Files Claim in US Court to Protect Its Assets
China’s Diving Yuan Could Spark Next Crisis, Hedge Fund Warns

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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