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Latest: Asia Stock Market News

Tencent to Share $20bn Meituan Stake As Dividend Amid Job Cuts
Tencent to Share $20bn Meituan Stake As Dividend Amid Job Cuts

The news comes after China's biggest company reported a second straight quarterly sales drop, hit by the economic slowdown and China's regulatory crackdown.

Asia Stocks Slip as Poland Missile Attack Unnerves Markets
Asia Stocks Slip as Poland Missile Attack Unnerves Markets

The mystery missile strike on a Polish village near the Ukraine border panicked traders though US President Joe Biden later claimed it hadn’t come from Russia

ASML Plans $181 Million Chip Centre in South Korea – Nikkei
ASML Plans $181 Million Chip Centre in South Korea – Nikkei

The move is an effort to bolster ASML's relations with customers like Samsung and SK Hynix in the face of new US chip sanctions against China

PBOC Governor Yi, Janet Yellen Hold ‘Frank’ Meeting at G20
TikTok App Could Control US Users’ Devices, FBI Chief Says
Taiwan Slams ‘Rumours’ on Risks in Investing in its Chips
Indonesia’s Indika and Foxconn Mull EV Batteries with Thais
China Automaker BYD Pulls Plug on Semiconductor Unit IPO
Albanese Meets Xi, as Australia and China Eye Warmer Ties
Bankrupt Crypto Exchange FTX Could Have 1 Million Creditors

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AF Market Insights

Asia Financial Insights
Asia stock market insights, analysis, and guides from Asia Financial’s market and new economy experts.
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AF China Bond

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