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Latest: Asia Stock Market News

Services trade declines but deficit narrows
Services trade declines but deficit narrows

(ATF) China’s trade in services fell in the first five months this year amid the coronavirus epidemic, but the...

Chinese miffed after ‘ally’ Putin sells fighter jets to India
Chinese miffed after ‘ally’ Putin sells fighter jets to India

(ATF) President Xi Jinping has had a rough year to date and recently...

China data supports market sentiment
China data supports market sentiment

(ATF) China led Asian markets higher after upbeat data from the services sector gave legs to the rally...

What keeps driving USD down and CNY well-supported?
China mulls brokerage licences for two investment banks
China e-commerce transactions surge to 34tn yuan
Support pledged to help smaller enterprises
China factory rebound boosts markets
PBoC lowers refinancing, rediscount rates
New laws on website marketing, live online broadcasts

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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