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Latest: Asia Stock Market News

Temu Faces EU Probe Into Rogue Traders, Illegal Goods
Temu Faces EU Probe Into Rogue Traders, Illegal Goods

EC has begun an inquiry on whether Temu has breached the Digital Services law in relation to the sale of illegal products, the app's "addictive design" and other issues

Asian Economies at Risk From Inaction on Climate Change: ADB
Asian Economies at Risk From Inaction on Climate Change: ADB

Asian Development Bank urges countries to speed up transition to clean energy, saying trillions of dollars in coastal assets are at risk because of continued use of fossil fuels

China Tells BYD, Geely ‘Stop EU Investments’ As Tariffs Start
China Tells BYD, Geely ‘Stop EU Investments’ As Tariffs Start

The directive comes as, starting Wednesday, Chinese electric vehicles heading to Europe will be subject to tariffs as high as 45.3%

Algae Strain Could Sequester Carbon From Oceans, Factories – WI
China’s Fiscal Package Aims to Ease Debt Woes, Property Crisis
China Hackers Targeted Trump Family, Biden Aides, NYT Reports
Emissions of World’s Super Rich ‘Drive Economic Losses, Deaths’
Satellite Finds Methane, CO2 Plumes Over Sites in Asia, Africa, US
China ‘May Issue $1.4 Trillion in Extra Debt Over a Few Years’
Foreign Firms Scale Down Plans as China’s Economy Weakens

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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