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Latest: Asia Stock Market News

Norway fund drops Israel companies over West Bank crisis
Norway fund drops Israel companies over West Bank crisis

Norwegian central bank move follows warning to Japan’s Kirin Holdings over possible exclusion due to beverage giant’s business ties to Myanmar’s military

China slaps penalties on 5 banks for misconduct
China slaps penalties on 5 banks for misconduct

China fined five banks for misconduct on Friday in its efforts to stamp out irregularities and maintain financial stability amid an economic recovery

Inflation worries persist despite market rebound
Inflation worries persist despite market rebound

Inflation fears calmed after US data; China commodities crackdown sours risk appetite for mainland stocks; Oil prices recover

China Mobile readies $8bn Shanghai listing after NYSE exit
China banking chief urges Beijing to give the yuan its freedom
Reflation bulls are back
Tencent Music performs strongly despite antitrust probe
China’s factories hit a headwind of rising costs and weak demand
China data holds out glimmer of hope
Hainan becomes hub for China’s consumption boom

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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