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Latest: Asia Stock Market News

Brazil Set to Challenge China’s Stranglehold on Rare Earths
Brazil Set to Challenge China’s Stranglehold on Rare Earths

Western governments are offering incentives to Brazil to develop a rare earths supply chain. It has large reserves and its first rare earths mine started commercial production this year

Weak Factory, Property Data Highlights China’s Uneven Recovery
Weak Factory, Property Data Highlights China’s Uneven Recovery

Factory output in May was flat, while the property sector continues to weigh on sentiment, despite strong exports and a rise in retail sales

US Trade Groups Want a Hearing on Biden’s China Tariffs Hike
US Trade Groups Want a Hearing on Biden’s China Tariffs Hike

Pro-trade business groups have appealed for a 30-day extension for the period allowed for public feedback and a hearing to be held on the proposed hikes; that could delay the date they are implemented

BoJ Policy Lifts Nikkei, US Sanctions Fears Weigh on Hang Seng
Returns From AI Projects ‘Dismal’, Survey Finds – Register
EU Tariff Fallout: China Warns of WTO Suit, Tesla to Hike Prices
Chinese PM Stirs European Anxiety During Visit to New Zealand
Evergrande Liquidators ‘Probing PwC, Others to Recoup Losses’
Russia Halts Trade on Main Bourse After Latest US Sanctions
European Farmers Fear Trade War With China Over EV Tariffs

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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