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Latest: Asia Stock Market News

Trouble in Chinese Factories, Industrial Unrest at 7-Year High
Trouble in Chinese Factories, Industrial Unrest at 7-Year High

China Labour Bulletin recorded over 140 strikes at factories across the country in the first five months of this year, the highest since 2016

Stifling China’s Progress ‘Disastrous’ For US: Yellen – NYT
Stifling China’s Progress ‘Disastrous’ For US: Yellen – NYT

"I think we gain and China gains from trade and investment that is as open as possible, and it would be disastrous for us to attempt to decouple from China," US treasury secretary Janet Yellen said

TikTok Emerges as Preferred News Platform of Young Adults
TikTok Emerges as Preferred News Platform of Young Adults

The China-owned short video app was used by 20% of 18-to 24-year-olds for news, up five percentage points from last year

Indian Red Tape Delays Over $2-Billion Drone Purchase From US
Chinese Companies Prepare for Weaker Yuan as Rate Cuts Loom
Nikkei Soars on Weak Yen, Hang Seng Slips on Recovery Fears
China Warns US to Stop Interfering in Call Ahead of Blinken Trip
China New Loans Weaker-Than-Expected, Stimulus Forecast
Pakistan Pays For Discounted Russian Crude Oil in Yuan
Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO

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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