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Latest: Asia Stock Market News

US Can’t Yet Compete With China on EVs, Ford Chairman Says
US Can’t Yet Compete With China on EVs, Ford Chairman Says

Bill Ford, the great-grandson of company founder Henry Ford, also addressed criticism from US senators like Marco Rubio on the automaker's plans to partner with Chinese battery company CATL

China Bankers to Shun ‘High-End Taste’ Fearing Regulatory Ire
China Bankers to Shun ‘High-End Taste’ Fearing Regulatory Ire

With weakening growth and youth unemployment hitting a record high, Beijing's push for wealth equality and crackdown on corruption has China's financial sector worried

Nikkei Slips, Hang Seng Dips as Traders Eye Fed’s Next Move
Nikkei Slips, Hang Seng Dips as Traders Eye Fed’s Next Move

Asia’s stock indexes struggled with Tokyo’s benchmark falling despite the yen hitting a 7-month low and China’s central bank poised to cut rates again

Taiwan Asks EU to Deepen Ties if it Wants TSMC Chip Investments
China to Price Hong Kong-Listed Alibaba, Tencent Stocks in Yuan
Blinken Meets Qin Gang in China to ‘Steer’ Spiralling Ties
China Open to Using US AI Tech, Xi Jinping tells Bill Gates
Italy Restricts Chinese Influence on Pirelli Over Key Data Tech
Sanctioned Russia Pays Sakhalin Oil Dividends in Yuan – Nikkei
Major Banks Cut China 2023 GDP Forecasts as Recovery Slows

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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