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Latest: Asia Stock Market News

US Seizes Website Domains Used by North Korean IT Workers
US Seizes Website Domains Used by North Korean IT Workers

The 17 websites were part of a scheme to evade sanctions and fund Pyongyang's weapons programme; they followed the seizure of $1.5m obtained by scams undertaken by the same group, US officials say

Uncertain Sydney Project Another Victim of China’s Property Crisis
Uncertain Sydney Project Another Victim of China’s Property Crisis

The 433-hectare Wilton Greens project southwest of Sydney is mired in uncertainty because of the Chinese developer's debt woes and lack of critical infrastructure 82km from the city centre

China’s Xi Pitches BRI For AI Governance, Green Development
China’s Xi Pitches BRI For AI Governance, Green Development

Analysts say BRI’s shift from investment intensive projects like dams to high-tech ones comes amid Xi's push to export Chinese ideas about governance

Country Garden Seen Defaulting on Its Offshore Debt
Hang Seng Dips Despite China Growth Boost, Nikkei Flat
China Asks Banks to Roll Over $13tn Local Debt at Lower Rates
Row Over Paying Yuan for Russian Crude Delays Indian Oil Deals
AI to Spark Markets Crash in Next Decade: SEC Chair – Insider
Nikkei, Hang Seng Lifted by Wall Street Earnings Boost
Country Garden’s $17bn Offshore Debt on Verge of Default

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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