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Latest: Asia Stock Market News

TikTok Denies Plan to Separate Core Algorithm For US, China
TikTok Denies Plan to Separate Core Algorithm For US, China

TikTok’s Chinese parent company has ordered engineers to split the app's recommendation algorithm — a tedious task involving millions of lines of code, according to a new report

Trump Court Loss Draws Mirth, Big Interest in China – CNN
Trump Court Loss Draws Mirth, Big Interest in China – CNN

While some were quick to mock the outcome, others noted that the case casts a dark shadow over China's tightly controlled legal system

Foreign Investors Dumped Stocks in India, Indonesia in April: IIF
Foreign Investors Dumped Stocks in India, Indonesia in April: IIF

After five months of inflows, foreign investment in emerging markets fell in April, according to the Institute of International Finance

China’s Manufacturing Falls in May as Property Crisis Weighs
Nikkei, Hang Seng Sink as Rate Cut Bets Fade, Bond Yields Spike
US Looking to Fund Bird Flu Vaccine Trial by Moderna – FT
Global Funds Proving Popular in China as the Yuan Weakens
After Chips, China to Pour Millions Into Solid-State Batteries
Chinese Censors Block ‘Wealth Flaunting’ on Social Media – NBC
US Warns China of Sanctions: ‘Helping Russia Threatens Europe’

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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