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Latest: Asia Stock Market News

Chinese Developers Hit by Cities Limiting Access to Escrow Funds
Chinese Developers Hit by Cities Limiting Access to Escrow Funds

Some city governments have hindered developers' access to tens of billions of dollars from property sales as the economy weakened in the second quarter

Binance Did $90bn in China Trades in Month Despite Ban – WSJ
Binance Did $90bn in China Trades in Month Despite Ban – WSJ

The world's largest crypto exchange withdrew from mainland China in 2017 during a regulatory crackdown, but the country is allegedly still the biggest source of its trading, a new report says

China Regulators Deregister Over 2,000 Private Funds This Year
China Regulators Deregister Over 2,000 Private Funds This Year

More than 1,400 funds were deregistered early in the year, due to rules on private funds' operational irregularities, such as incorrect or incomplete information disclosure

China Upset Over ‘Dangerous’ US Weapons Package For Taiwan
Nikkei Boosted by Weak Yen, Hang Seng Drops on Policy Doubts
China Battery Firms Pump $4.4bn Into Korea for US EV Credits
Nikkei Gains on Fed Hopes, China Stimulus Boosts Hang Seng
Ant IPO Unlikely in the Short Term, Chinese State Media Says
Korea Superconductor Papers Published ‘Without Consent’ – Yonhap
VinFast Set For August US Listing Through $23 Billion Merger

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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