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Latest: Asia Stock Market News

Investors in Musk’s X Tied to Sanctioned Putin Allies – Essanews
Investors in Musk’s X Tied to Sanctioned Putin Allies  – Essanews

Scrutiny of X's links to Russian oligarchs comes ahead of the November US election that will see Democratic nominee Kamala Harris run against second-time Republican nominee Donald Trump

PDD Stock Plunges 28% as Revenue Hit by China Slowdown
PDD Stock Plunges 28% as Revenue Hit by China Slowdown

E-commerce giant sees $55 billion knocked off its market cap in record plunge after quarterly sales miss estimates amid concern over China's severe downturn and its 'global outlook'

Many US Manufacturers Don’t Want Tariff Hikes on China Imports
Many US Manufacturers Don’t Want Tariff Hikes on China Imports

American firms producing electric vehicles to electric utility equipment largely want higher China tariffs to be reduced, delayed or abandoned altogether

Ukraine’s Zelensky Urges India to Cut Russian Oil Imports – UP
IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff
China Damns Latest US Ban on 42 Firms Tied to Russian War
China Using Microsoft, Amazon Cloud to Beat AI Chip Sanctions
Call For Ban on Single-Use Plastics as UN Treaty Talks Restart
China, Tesla Pour Funds Into Assembly Line Robot Workers
Nikkei Gains, Hang Seng Dips as Traders Wait on Fed Chief Speech

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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