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Latest: Asia Stock Market News

China’s Weak 2nd Quarter Growth Shows Need for Support
China’s Weak 2nd Quarter Growth Shows Need for Support

The latest official data shows the economy grew just 0.8% from the previous quarter, on a seasonally adjusted basis; youth unemployment has hit a record 21.3%

Kerry Flies to China Seeking to Revive Climate Cooperation
Kerry Flies to China Seeking to Revive Climate Cooperation

US climate envoy will talk with his Chinese counterpart about issues like reducing methane emissions, limiting coal use, curbing deforestation and helping poor nations address climate change

Wang Yi Tells Borrell to ‘Clarify’ EU’s Position on China
Wang Yi Tells Borrell to ‘Clarify’ EU’s Position on China

Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership

Seasonal Change for Crypto As Outlook Begins to Improve
BYD Proposes $1-Billion Plan to Build EVs, Batteries in India
Beijing Slams Germany’s China Strategy Paper on De-Risking
BOJ to Hold Workshop for Ueda’s Review of Monetary Easing
Beijing to Host World’s Biggest Investors for Rare Meeting
World’s Oceans Changing Colour, Study Finds – Guardian
Asia Stocks See Best Week of 2023, Dollar Sinks as Inflation Eases

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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