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Latest: Asia Stock Market News

China’s central bank keeps powder dry as others empty toolkit
China’s central bank keeps powder dry as others empty toolkit

As most major global central banks run out of ammunition and look to lawmakers to boost national economies,...

China urged to loosen shackles on SME bond market
China urged to loosen shackles on SME bond market

(ATF) China’s leadership has been urged to loosen restrictions that make it difficult for smaller firms to...

Markets sober up before Powell testimony
Markets sober up before Powell testimony

(ATF) Hong Kong: Investors turned cautious ahead of Federal Reserve chairman Jerome Powell’s testimony after the initial euphoria on...

Shanghai plans to dominate the ‘grey yuan’ sector
SF Express earnings soar as buyers stay online after lockdown
US-China chip battle burning firms on both sides
CITIC granted approval to sell 50bln yuan of bonds
Surging sales push up bond trades 45%
Franco-German EU recovery plan wins praise
Facebook chief wants EU not China to lead on tech rules

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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