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Latest: Asia Stock Market News

Russia Secretly Building War Drones in China, EU Intel Says
Russia Secretly Building War Drones in China, EU Intel Says

China could face more sanctions from the West after European intelligence presented evidence of a facility allegedly making drones for Russia's war in Ukraine

Amazon Joins Firms in $180 Million Brazil Carbon Credits Deal
Amazon Joins Firms in $180 Million Brazil Carbon Credits Deal

Tech giants Microsoft, Meta and Google have all made purchases of carbon offsets in the Amazon rainforest this year

Another Chip Shortage Looms as AI Frenzy, Climate Change Bite
Another Chip Shortage Looms as AI Frenzy, Climate Change Bite

A rapid explosion in AI-enabled devices, coupled with a range of other factors including climate change, natural disasters and geopolitical tensions, pose significant risks to chip supply chains

China Economist Detained ‘After Xi’s Falling Out With Liu He’
Hang Seng Adds to Stimulus Surge, Nikkei Dips on Profit-Taking
Booming Solar Puts 2030 Renewable Energy Goals ‘Within Reach’
Tesla, Meta, Amazon Accused of Undermining Democracy
Hang Seng, China Stocks Leap on Policy Boosts; Nikkei Rallies
China Central Bank Stimulus Moves ‘Broad But Underwhelming’
India’s Imports of Chinese Steel Soar to a Seven-Year High

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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