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Latest: Asia Stock Market News

Dow Jones Drops Adani Enterprises, Stock Plunges 35%
Dow Jones Drops Adani Enterprises, Stock Plunges 35%

"Stop looting the poor," some politicians shouted in Indian parliament, demanding an investigation into the Gautam Adani-led conglomerate

China Battery Firm CATL Seen Eyeing $5bn Swiss Listing Boost
China Battery Firm CATL Seen Eyeing $5bn Swiss Listing Boost

The global depositary receipts listing could even see CATL raise $8 billion if market conditions improve over the next couple of months

Xpeng Secures Key Permit to Launch ‘Flying Car’ – TechCrunch
Xpeng Secures Key Permit to Launch ‘Flying Car’ – TechCrunch

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng Aeroht X2 to undertake a manned flight

Honda to Start Making New Hydrogen Fuel Cell System With GM
US Backers Like Intel, Qualcomm ‘Poured Billions’ Into China AI
Buffett-Backed Berkshire Sells $45 Million Shares in BYD
Asia Stocks Rally on US Inflation Boost But Hang Seng Slips
Indian Market Rout Intensifies After Adani Drops $2.5bn Share Sale
Tesla to Ramp Up Shanghai Output As Price Cuts Fuel Demand
South Korea Slides Toward Recession With Record Trade Deficit

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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