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Latest: Asia Stock Market News

PwC Slashing China Partners’ Pay By 50% Amid Evergrande Fallout
PwC Slashing China Partners’ Pay By 50% Amid Evergrande Fallout

More than 30 listed Chinese firms have dropped PwC as their auditor in recent months amid a probe by Beijing into its practices

Chinese Officials Admit its Economic Goals ‘Full of Contradictions’
Chinese Officials Admit its Economic Goals ‘Full of Contradictions’

Notes from the plenum had no details on how Beijing plans to reach its goals, such as getting consumers to spend more when resources go mainly to producers and infrastructure

UK Urged to Block Shein Listing Over Labour, Tax Claims – ST
UK Urged to Block Shein Listing Over Labour, Tax Claims – ST

Say No to Shein campaign wants the British government to block Shein’s application to list on the London Stock Exchange

Hang Seng Slumps on Policy Doubts, Global Fears Weigh on Nikkei
Global IT Outage Hits Airlines, Microsoft, Media, Huge List of Firms
Chip Stocks Lose Near $600 Billion in Value On China Tech Fears
Russian Mining Giant Keen to Build China Nickel Plant for Batteries
Zero-Carbon Breakthrough For Industry’s Dirty Businesses – NA
Tech Tensions Weigh on Nikkei, Policy Bets Boost Hang Seng
‘Garbage Time’ – China’s New Expression of Economic Despair

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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