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Latest: Asia Stock Market News

China’s State Help for Zhongrong ‘No Good for Investors’
China’s State Help for Zhongrong ‘No Good for Investors’

Citic Trust and CCB Trust will examine Zhongrong's current operations and help the firm come up with a repayment plan, but there are serious doubts on how much money investors will get back

Property Woes Drag on Hang Seng, Data Boosts China Markets
Property Woes Drag on Hang Seng, Data Boosts China Markets

Investors were in nervous mood ahead of a series of big policy meetings this week while worries on China’s ailing real estate sector continued to weigh

Shares of China Property Giants Sink as New Hurdles Arise
Shares of China Property Giants Sink as New Hurdles Arise

Shares of China Evergrande plunged after trading opened on Monday, after the arrest of staff of its wealth management unit, while Country Garden also fell as it faces a new repayment deadline

After Arm’s Bumper Launch, Who’s Next in SoftBank’s IPO Pipeline?
SoftBank Eyes OpenAI Investment Amid Arm IPO Fever – FT
SoftBank’s Arm Nets $65bn Valuation in Blockbuster Nasdaq Debut
China Sanctions US Defence Firms For Arms Sold to Taiwan
Nikkei Ahead on Tech Boost, Hang Seng Fuelled by Oil Surge
China’s Factory and Retail Sales Pick Up, But Property Still a Drag
‘Frustrated’ in US, TSMC Finds Japan Chipmaking a ‘Natural Fit’

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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