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Latest: Asia Stock Market News

Asia Stocks Slump on Fed Rate Hike Warnings, Recession Fears
Asia Stocks Slump on Fed Rate Hike Warnings, Recession Fears

Investors were in gloomy mood after the Fed signalled there will be more rate hikes next year even if the US economy goes into reverse

Xi Wants More Trade, Yuan-Ruble Deals With Russia – WSJ
Xi Wants More Trade, Yuan-Ruble Deals With Russia – WSJ

Xi wants China and Russia to transact more deals in rubles and yuan to insulate the two against future Western sanctions

SoftBank’s Arm Cannot Sell Cutting-Edge Chip Designs to China
SoftBank’s Arm Cannot Sell Cutting-Edge Chip Designs to China

The development means that Chinese tech giant Alibaba will not be able to buy Arm’s latest Neoverse V series, as its advanced capacity is blocked by US and UK export controls

Warren Buffett Continues to Trim Stake in China EV-Maker BYD
Asia Stocks Rally on Easing US Inflation, Rate Slowdown Hopes
US Lawmakers Announce Bill to Ban China’s TikTok ‘For Good’
Asia Shares Edge Ahead as US Inflation, Rate Rise Fears Weigh
FTX CEO Bankman-Fried Charged With Fraud Post Arrest – Reuters
Asia Stocks Slip as Rate Hike Fears Add to Downbeat Outlook
India to Russia Rupee Shipments to Begin Next Week – Mint

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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