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Latest: Asia Stock Market News

Volkswagen Buys $700 Million Xpeng Stake to Lift China EV Share
Volkswagen Buys $700 Million Xpeng Stake to Lift China EV Share

The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

Nikkei Rallies on Fed Hopes; Property, Tech Lifts Hang Seng
Nikkei Rallies on Fed Hopes; Property, Tech Lifts Hang Seng

Investors were buoyed by signs the Fed’s tightening cycle may be coming to an end but China’s economic difficulties continued to weigh

‘Pop-up’ Traders Shipping Half Russia’s Oil to China and India
‘Pop-up’ Traders Shipping Half Russia’s Oil to China and India

Obscure firms have shipped large cargoes of Russian oil this year, with crude often changing hands at sea and carried in old Liberian-flagged vessels, en-route to China and India

US And EU Investors Avoid China, Opting for Emerging Markets
Macron Warns of Chinese Naval Bases in the Pacific – ABC
China’s CATL Posts Record Profit Even As Slowing Demand Bites
US Senate Passes Weaker Bill on China Tech Investments Scrutiny
Hang Seng Falls on Stimulus Doubts, BoJ Caution Pulls on Nikkei
China Confirms Pan Gongsheng as New Central Bank Chief
‘Missing’ China Minister Qin Replaced After Weeks of Mystery

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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