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Latest: Asia Stock Market News

EU Denies Backing China Proposal to End Ukraine War – SCMP
EU Denies Backing China Proposal to End Ukraine War – SCMP

The European Union has denied claims by China that its top diplomat Josep Borrell "attached great importance" to a Sino-Brazilian statement on ending the war in Ukraine

China Tightens Focus on Tech Innovation, ‘New Productive Forces’
China Tightens Focus on Tech Innovation, ‘New Productive Forces’

Vice Premier injects a sense of urgency, warning citizens that China's industrial future faces fierce foreign competition: "If we stop moving forward, we fall back; if we move forward slowly, we fall back too."

SpaceX Discussing Possible Rocket Landing Off Australia
SpaceX Discussing Possible Rocket Landing Off Australia

Rocket company is in talks with US and Australian officials on a possible landing and recovery of one of its Starship rockets off Australia

India Not About to Drop Ban on Chinese Investment: Trade Minister
Big Tech’s Lofty Valuations Spark Bruising Selloff Fears
OpenAI’s ‘$8.5 Billion Bills’ Report Sparks Bankruptcy Speculation
China’s Cosco Shipping, Fortescue Eyeing Ammonia-Fuelled Ships
Vietnam Enjoys Big Jump in Exports, Industrial Production
China’s Country Garden Gets 6-Month Reprieve on Liquidation Hearing
Nikkei Rallies on Big Tech Bets, Hang Seng Rides Wall St 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