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Latest: Asia Stock Market News

CITIC granted approval to sell 50bln yuan of bonds
CITIC granted approval to sell 50bln yuan of bonds

(ATF) CITIC Securities has received approval to sell as much as 50 billion yuan ($7bn) of corporate...

Surging sales push up bond trades 45%
Surging sales push up bond trades 45%

(ATF) China’s central bank increased bond sales in April, sending debt trades surging 45%, as part of...

Franco-German EU recovery plan wins praise
Franco-German EU recovery plan wins praise

European Central Bank head Christine Lagarde hailed a proposed 500-billion-euro Franco-German EU coronavirus recovery plan on Monday as a needed show of...

Facebook chief wants EU not China to lead on tech rules
Gazprom considers second gas pipeline to China
Vaccine hopes a booster shot for markets
New 100 million lockdown in NE China hits Asian currencies
Beijing plans a ‘New Era’, bins Xi’s ‘China Dream’
CNOOC, Shell to build new ethylene project
Investors lifted as shutdowns ease in many countries

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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