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Latest: Asia Stock Market News

US House Passes Bill to Limit China’s Access to EV Tax Credits
US House Passes Bill to Limit China’s Access to EV Tax Credits

The new law - one of several this week aimed at curbing China – now goes to the Senate. It seeks to restrict Chinese content in cars that qualify for EV tax credits

US, EU Firms’ Profits, Confidence in China Continue to Sink
US, EU Firms’ Profits, Confidence in China Continue to Sink

Worsening geopolitical ties between Beijing and the West, along with the spiralling economic conditions in China have been the biggest drivers of the drop in business sentiment

Microsoft, Google Announce Major Carbon Removal Deals
Microsoft, Google Announce Major Carbon Removal Deals

Carbon dioxide removal is estimated to become a $100 billion industry by 2030, provided it can be scaled up

US Pressing Korean Chipmakers For More China Chip Curbs
‘US to Sanction Prominent Cambodians Tied to Scam Centres’
Nikkei Bounces Back on Weaker Yen, Tech Stocks Lift Hang Seng
China Shadow Bank Zhongzhi’s Desperate Effort to Avoid Collapse
Continuing Rise of Methane Emissions Worrying Top Scientists
US Says China Giving Lethal Aid to Russia in Ukraine War – FT
Nikkei Drops as Yen Jumps, Energy Stocks Drag on Hang Seng

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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