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Latest: Asia Stock Market News

China Ramping up Its Transition to Clean Energy, Grid Storage
China Ramping up Its Transition to Clean Energy, Grid Storage

China looks set to install another 200 GW of solar power this year, while starting work on 80 GW of pumped storage projects, but not all the news is good

Hang Seng Boosted by Tech, Profit-Taking Caps Nikkei Gains
Hang Seng Boosted by Tech, Profit-Taking Caps Nikkei Gains

Shares across the region were in the green with optimism high that central banks are set to U-turn on interest rates soon

EU Says China EVs Funded by Subsidies, Plans Retroactive Tariffs
EU Says China EVs Funded by Subsidies, Plans Retroactive Tariffs

The European Commission said increasing imports from China risked injuring the region's carmakers at a magnitude "that would be difficult to repair”

US Sanctions Based on Wrong View of China, Says Foreign Minister
Cost of Carbon Capture by 2050 May be Double Estimates – IME
Nikkei Dips on Upbeat Yen, Hang Seng Slips on Stimulus Doubts
BOJ Views on Inflation, Pay Rises Put Spotlight on Rates Shift
China’s Big Guns Defend GDP Target, Explain Economic Policies
US House Panel Set to Consider New Bill That Could Ban TikTok
Bitcoin Price Surges Past $69,000 Mark For First Time – BBC

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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