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Latest: Asia Stock Market News

Asia Shares Slump as Fears of Global Recession Rise
Asia Shares Slump as Fears of Global Recession Rise

Trading boards in Tokyo, Hong Kong and Shanghai were a sea of red again with central banks poised to hike rates even further as inflation soars

China Ramps up Solar and Coal, But ‘Needs Better Power Grid’
China Ramps up Solar and Coal, But ‘Needs Better Power Grid’

China installed a massive 53 gigawatts of renewable energy in the first half of 2022, but it also approved $26-33 billion of investment in the coal power and steel sectors, a new report said

China Says Stabilising Yuan is Priority, After Record Low
China Says Stabilising Yuan is Priority, After Record Low

PBOC warns against gambling after onshore yuan finishes at 7.2458 per dollar, weakest close since January 2008, while the offshore yuan slumped 1.15% on the day to trade at 7.2635.

Asian Development Bank Plans Further Support For Sri Lanka
India’s Adani to Splash $100bn on Clean Energy Over Decade
Asia Stocks Rally After Dollar, Sterling Storm Sell-Off
Volatile Forex Markets Like a Casino, Traders Say
China Tells Brokers to Stabilise Markets for Party Congress
Japan Warns Against Yen Moves, Markets Wary of Intervention
Asia Shares Hit by Sterling Shockwave, Dollar’s Surge

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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