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Latest: Asia Stock Market News

China’s Xi Jinping Eyes Return of Party’s Own Financial Watchdog
China’s Xi Jinping Eyes Return of Party’s Own Financial Watchdog

The Central Financial Work Commission, which would be directly under central party leadership, would take on a direction-setting role for the economy

Adani Says Has Secured $3bn Loan From Sovereign Wealth Fund
Adani Says Has Secured $3bn Loan From Sovereign Wealth Fund

The development comes as the embattled conglomerate seeks to ease investor concerns about its credit profile; Adani Enterprise shares have surged 30% over the past two days

Japan Clean Energy Share Can Reach 90% By 2035, Says Study
Japan Clean Energy Share Can Reach 90% By 2035, Says Study

Raising the share of clean energy to 90% would cut Japan’s electricity costs by 6% and cut power sector emissions by 92% from 2020 levels, the study found

Blacklisted China Firms Got Licences For $23bn of US Goods, Tech
Asian Shares Shoot up as China Factories Recover After Covid
China’s Factories See Fastest Growth Spurt in a Decade
World’s Biggest Lithium Hub Being Built in Xinjiang – Yicai
Missing Chinese Banker Bao Fan ‘Assisting Authorities in Probe’
China’s Mining Probe Set to Cut World Lithium Supply by 13%
Hang Seng Dips But Nikkei Edges Up as Bargain Hunters Swoop

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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