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Latest: Asia Stock Market News

Macron Warns of Chinese Naval Bases in the Pacific – ABC
Macron Warns of Chinese Naval Bases in the Pacific – ABC

Macron flew into Noumea this week and warned that the push for independence in New Caledonia could mean "a China naval base tomorrow"; top US officials are also touring the region

China’s CATL Posts Record Profit Even As Slowing Demand Bites
China’s CATL Posts Record Profit Even As Slowing Demand Bites

The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally

US Senate Passes Weaker Bill on China Tech Investments Scrutiny
US Senate Passes Weaker Bill on China Tech Investments Scrutiny

Passed by an overwhelming majority in the senate, the bill will need the backing of the US House of Representatives and President Joe Biden before it can become law

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
China Property Stocks Soar After Beijing Support Pledge
TSMC Plans $2.9bn Advanced Chips Fab to Keep Up With AI Boom
China Sending Enough Gear to Equip Russia’s Army – Politico
Hang Seng Surges on China Stimulus, Nikkei Dips on BoJ Fears

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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