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Latest: Asia Stock Market News

China Exports Surge Past Predictions in June, Imports Stall
China Exports Surge Past Predictions in June, Imports Stall

Chinese exports grew by almost 18% in June, well above forecasts and the highest rate in five months, but imports were flat and foreign trade still faces instability, a Customs spokesman said

Pernod Ricard Warns India Over 30-Year Alcohol Tax Wrangle
Pernod Ricard Warns India Over 30-Year Alcohol Tax Wrangle

The long-running fight over imports of alcoholic beverages has progressively worsened since it began in the 1990s, the company said

Asian Markets Fall Amid Concern on Covid, US Rate Hikes
Asian Markets Fall Amid Concern on Covid, US Rate Hikes

Covid curbs in Shanghai reignited worries of a wider economic disruption, while possible delisting risks of major Chinese firms from US exchanges dragged Hong Kong shares to a six-week low.

BYD Shares Plunge Amid Speculation of Buffett Stake Sale
Singapore’s Favourable Policy Woos Banks Looking To Borrow
Commodity Prices Collapse Echoes 2008 Crisis, SocGen Says
Asia Stocks Slide as Rate Hikes, Covid Cast Long Shadow
China Tech Stocks Plummet After Alibaba, Tencent Fines
Dollar Continues Rally, Climbs 24-Year Peak Against Yen
Evergrande Bondholders Dismiss Plan to Delay $671m Payment

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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