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Latest: Asia Stock Market News

BP Dumps Oil Pledge While Chasing Billions in Climate Subsidies
BP Dumps Oil Pledge While Chasing Billions in Climate Subsidies

BP’s lobbying for climate subsidies, despite a business outlook that will boost emissions, spurs increasing criticism of 'planet-saving technologies' due to link with fossil fuel industry

AI Data Centres Using Much More Water Than Expected
AI Data Centres Using Much More Water Than Expected

Artificial intelligence chatbots such as GPT-3 are using four times more water than initially estimated, according to researchers in California

Hang Seng Jumps on Stimulus Bets, Nikkei Tracks Wall St Higher
Hang Seng Jumps on Stimulus Bets, Nikkei Tracks Wall St Higher

The drama continued for China’s markets as they bounced back on the promise of more fiscal support out of Beijing

EU Rejects China’s Proposal for 30,000-Euro Minimum EV Price
China Stocks Sink on Stimulus Doubts, Tech Lifts Nikkei
TikTok Hit by US Legal Barrage For ‘Harmful’ Impacts on Kids
US Says China is Oversupplying Lithium to Kill Off Rival Firms
Floods or Drought: Climate Change Worsens Global Water Woes
Hang Seng Plummets on Policy Doubts, Nikkei Dips on Yen Gains
Top China Chipmaker Gains $12bn on Stimulus, Push to Dump Nvidia

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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