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Latest: Asia Stock Market News

US Sanctions Based on Wrong View of China, Says Foreign Minister
US Sanctions Based on Wrong View of China, Says Foreign Minister

Wang Yi said Washington’s unrelenting trade curbs have come despite Biden and Xi pledging to work closer to find common ground

Cost of Carbon Capture by 2050 May be Double Estimates – IME
Cost of Carbon Capture by 2050 May be Double Estimates – IME

Researchers in Switzerland who evaluated three carbon capture techniques said the cost could be $280 to $580 a tonne, which was double some previous estimates

Nikkei Dips on Upbeat Yen, Hang Seng Slips on Stimulus Doubts
Nikkei Dips on Upbeat Yen, Hang Seng Slips on Stimulus Doubts

Tokyo’s benchmark ended its recent record run, falling back below the 40,000 mark, while Hong Kong and China stocks weakened too

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
Hang Seng Rebounds on Tech Lift, Nikkei Backs Off Record High
Doubt on China’s Plan to Lift Consumption, Maintain Growth
Chinese Investors Plough Into Offshore Assets, Hit Outbound Limit

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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