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Latest: Asia Stock Market News

China Orders Check on Auditors to Ensure Data Secrecy – FT
China Orders Check on Auditors to Ensure Data Secrecy – FT

State-owned companies and firms listed on the mainland have been ordered to do thorough reviews of auditors' ability to "safeguard information security"

Asia Equities Boost as Foreign Inflows Hit Three-Month Peak
Asia Equities Boost as Foreign Inflows Hit Three-Month Peak

Investors from abroad purchased a net $872 million of stocks in April in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam

Unexpected Slump In China’s Industry Dampens Recovery Hopes
Unexpected Slump In China’s Industry Dampens Recovery Hopes

The reading marked the first contraction in China’s industry since January when an abrupt exit from zero-Covid policies sparked a wave of infections across the country

India, Russia Halt Rupee Trade Talks, Moscow Prefers Yuan
Asian Investors Join Challenge Over Credit Suisse Takeover – BBC
Australian Exports to China Shoot Back up to Record Highs
Hang Seng, China Stocks Climb Despite Factory Data, Bank Woes
AI ‘Godfather’ Quits Google, Warns of ‘Risk To Humanity’ – NYT
Hang Seng Dips on US Banking Meltdown Fears, Looming Rate Hike
US Lawmakers Demand Supply Chain Check Before Shein IPO

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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