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Latest: Asia Stock Market News

China cuts RRR for small-, medium-sized banks
China cuts RRR for small-, medium-sized banks

(ATF) – The People’s Bank of China (PBOC) is to cut the reserve requirement ratio (RRR) for small...

Luckin Coffee apologises for fraud scandal
Luckin Coffee apologises for fraud scandal

BEIJING: Luckin Coffee, China’s biggest rival to Starbucks, apologised on Sunday after it revealed a top executive may have...

Spanish PM in plea for ‘coronabonds’ crisis funding
Spanish PM in plea for ‘coronabonds’ crisis funding

BERLIN: Spanish Prime Minister Pedro Sanchez urged the EU on Sunday to issue “coronabonds,” controversial pooled debt instruments...

Nearly four billion masks sold abroad, China says
Markets cheer coronavirus spread slowdown, oil tumbles
China accuses US of technology ‘bullying’
China’s Ministry of Finance backs rise in govt bonds
Dollar up sharply as financial stress kicks back in
Bourses retreat ahead of jobs data, earnings
Henan lockdown amid fears of second coronavirus wave

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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