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Latest: Asia Stock Market News

Chinese Envoy Warns US: More Chip Bans and We’ll Hit Back
Chinese Envoy Warns US: More Chip Bans and We’ll Hit Back

Ambassador Xie Feng told the Aspen Security Forum that China did not want a trade or tech war but would definitely respond if the United States imposes more restrictions on its chip sector

Tech Dip Weighs on Nikkei, Hang Seng Drops on Stimulus Doubts
Tech Dip Weighs on Nikkei, Hang Seng Drops on Stimulus Doubts

A Wall Street tech slide dragged on Tokyo’s benchmark index while elsewhere investors weren’t wowed by Beijing's plans to boost its economy

Indian Banks Wary About Official Push for More Coal Mines
Indian Banks Wary About Official Push for More Coal Mines

Only four of 87 mines sold to companies over the past three years are operating. The rest have yet to get funding, as banks prefer renewable projects, partly because of coal's decreasing viability

$55 Billion Crypto Gambling Case on Trial in China – Toutiao
India’s Tata to Build $5 Billion EV Battery Gigafactory in UK
China’s Feuding Online Fashion Retailers: Temu vs Shein
Investors Load Up Bullish Bets on China After Growth Setback
Nikkei Gains as BoJ Stands Firm, Hang Seng Dips on China Data
China Evergrande Restructure Doubts After $81bn Loss Revealed
India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees

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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