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Latest: Asia Stock Market News

Small Chinese Banks in G7 Spotlight for Dealings With Russia
Small Chinese Banks in G7 Spotlight for Dealings With Russia

Small Chinese banks funding deals with Russia will be discussed at the summit in Italy amid concern China is bolstering "the Russian war machine."

US Tensions Hit HK, China Stocks; Job Data Weighs on Nikkei
US Tensions Hit HK, China Stocks; Job Data Weighs on Nikkei

China sat out of the global risk rally after a group of Republican lawmakers said battery companies CATL and Gotion should be banned from shipping goods to the US

UN Chief Calls For Windfall Tax on Fossil Fuel Firms – AP
UN Chief Calls For Windfall Tax on Fossil Fuel Firms – AP

Antonio Guterres says a tax on fossil fuel firms – in the oil, gas and coal sectors – would help pay for the fight against global warming

CATL, Gotion Under Scrutiny in US Over ‘Use of Forced Labour’
Scamming Compounds in SE Asia Stole $64 Billion in 2023: Report
China Exports Rise in May, But Doubts Remain as Imports Slow
Nvidia Rally Boosts Nikkei, Hang Seng But Rate Cut Worry Looms
TSMC Chief Says Altman’s $7trln Chip Plan ‘Too Aggressive’ – TH
China’s Clean Energy Spending Set to Match US-Europe Combined
US Customs Crackdown Seen Delaying Shein, Temu Products

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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