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Latest: Asia Stock Market News

China Chip Sector Faces a Third Wave of US Export Curbs
China Chip Sector Faces a Third Wave of US Export Curbs

China's chip equipment and toolmakers will be targeted by a new set of export restrictions set to be imposed by the Biden Administration, sources say

Saudi, Oil Producing States Block Hopes for UN Plastics Treaty
Saudi, Oil Producing States Block Hopes for UN Plastics Treaty

Critics said a handful of oil producers fought efforts at UN talks in Korea to cut plastic production and were only willing to act on plastic waste

Asian Steelmakers Failing on Shift to Renewables, Survey Finds
Asian Steelmakers Failing on Shift to Renewables, Survey Finds

Steelmakers from South Korea, India, Japan and China were among the biggest laggards in the shift to renewables, with some still depending entirely on fossil fuels for production

Chinese Ship Suspected of Dragging Anchor to Cut Baltic Cables
Australian Law Bans Social Media for Children Under 16
Ruble Plunges After US Sanctions GPB, Dozens of Russian Banks
Indonesia’s Prabowo Vows to Close Coal Plants in 15 Years – AP
Adani Case Exposes Flaws in India’s Clean Energy Rollout
Chinese Media to Trump: ‘There Are No Winners in Tariff Wars’
Hundreds of Evergrande Investors Press Chinese Officials for Help

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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