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Latest: Asia Stock Market News

China Services Sector Eases in April But New Orders Grow: Caixin
China Services Sector Eases in April But New Orders Grow: Caixin

The Caixin/S&P Global services purchasing managers' index eased to 52.5 in April, but was still in expansionary territory for a 16th straight month

Graft Blamed for Long Delay of China’s Energy Law
Graft Blamed for Long Delay of China’s Energy Law

'Vested interests' are said to have stalled the law, which prioritizes renewable energy, and despite a vast outlay of green energy, China is behind its 2025 transition commitments

Chinese Graphite: US Carmakers Win Easier EV Tax Credits
Chinese Graphite: US Carmakers Win Easier EV Tax Credits

US Treasury loosens requirements for tax credits for battery minerals used in electric vehicles, such as graphite, most of which comes from China

Macron and Xi Set to Discuss Trade Concerns, War in Ukraine
Tesla Sues Indian Battery Maker For Use of ‘Tesla Power’ Name
EV-Maker Zeekr Plans First Major Chinese IPO in US in Two Years
India Regulator Puts Seven Adani Firms on Notice For Violations
Massive Inflows Into Taiwan ETFs Spark Volatility Concerns
Hang Seng Boosted by Tech, Policy Promises; Nikkei Closed
TikTok Allowing Manipulated Videos of Biden, Media Monitor Says

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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