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Latest: Asia Stock Market News

TikTok Emerges as Preferred News Platform of Young Adults
TikTok Emerges as Preferred News Platform of Young Adults

The China-owned short video app was used by 20% of 18-to 24-year-olds for news, up five percentage points from last year

Indian Red Tape Delays Over $2-Billion Drone Purchase From US
Indian Red Tape Delays Over $2-Billion Drone Purchase From US

The Biden administration is keen for Indian officials to cut through the red tape and advance the deal ahead of Prime Minister Narendra Modi's US visit next week

Chinese Companies Prepare for Weaker Yuan as Rate Cuts Loom
Chinese Companies Prepare for Weaker Yuan as Rate Cuts Loom

The speed of the yuan's slide has caught many off-guard. JP Morgan recently downgraded its year-end yuan forecast, from 6.85 per dollar to 7.25 per dollar.

Nikkei Soars on Weak Yen, Hang Seng Slips on Recovery Fears
China Warns US to Stop Interfering in Call Ahead of Blinken Trip
China New Loans Weaker-Than-Expected, Stimulus Forecast
Pakistan Pays For Discounted Russian Crude Oil in Yuan
Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO
US ‘to Extend’ China Chip Curb Waivers for South Korea, Taiwan
India Denies Dorsey Claim of Threat to Shut Down Twitter

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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