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Latest: Asia Stock Market News

Hundreds Die in Extreme Heat at Haj, Millions Swelter Across Asia
Hundreds Die in Extreme Heat at Haj, Millions Swelter Across Asia

Deadly heatwaves scorched cities across Asia and the northern hemisphere this week, with hundreds dying on the Haj pilgrimage in Saudi Arabia

‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban

In a 99-page document submitted to a US court, TikTok and ByteDance argued the divest-or-ban bill was punitive, speculative and needed to be struck down

Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Habeck in Beijing to Discuss Trade, as Germany Pivots to US

Germany's trade with China has been falling, while deals with the US have risen. In the first quarter, the US surpassed China as Germany's top trade partner, for the first time in eight years

Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows
India Refusing to Restart Direct Passenger Flights With China
US, China Hold Informal Nuclear Talks, Discuss Taiwan
China EV Firms Scaling Back European Plans Over Subsidy Probe
Putin Keen to Remind the West he Has Old Friends in Asia
India’s Biocon Seeks China Firm to Test Diabetes, Diet Drugs
China Signs $2.8bn Deals in Malaysia, Eyes Pan SE Asia Rail Link

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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