diff --git a/quickjs.c b/quickjs.c
index bbac00c33..ca047acb0 100644
--- a/quickjs.c
+++ b/quickjs.c
@@ -32138,14 +32138,6 @@ static JSValue js_async_module_execution_rejected(JSContext *ctx, JSValueConst t
     module->eval_exception = js_dup(error);
     module->status = JS_MODULE_STATUS_EVALUATED;
 
-    for(i = 0; i < module->async_parent_modules_count; i++) {
-        JSModuleDef *m = module->async_parent_modules[i];
-        JSValue m_obj = JS_NewModuleValue(ctx, m);
-        js_async_module_execution_rejected(ctx, JS_UNDEFINED, 1, &error, 0,
-                                           vc(&m_obj));
-        JS_FreeValue(ctx, m_obj);
-    }
-
     if (!JS_IsUndefined(module->promise)) {
         JSValue ret_val;
         assert(module->cycle_root == module);
@@ -32153,6 +32145,14 @@ static JSValue js_async_module_execution_rejected(JSContext *ctx, JSValueConst t
                           1, &error);
         JS_FreeValue(ctx, ret_val);
     }
+
+    for(i = 0; i < module->async_parent_modules_count; i++) {
+        JSModuleDef *m = module->async_parent_modules[i];
+        JSValue m_obj = JS_NewModuleValue(ctx, m);
+        js_async_module_execution_rejected(ctx, JS_UNDEFINED, 1, &error, 0,
+                                           vc(&m_obj));
+        JS_FreeValue(ctx, m_obj);
+    }
     return JS_UNDEFINED;
 }
 
diff --git a/test262_errors.txt b/test262_errors.txt
index 082fb016a..1c2cefbae 100644
--- a/test262_errors.txt
+++ b/test262_errors.txt
@@ -36,7 +36,6 @@ test262/test/language/module-code/ambiguous-export-bindings/namespace-unambiguou
 test262/test/language/module-code/ambiguous-export-bindings/namespace-unambiguous-if-export-star-as-from.js:75: SyntaxError: export 'foo' in module 'test262/test/language/module-code/ambiguous-export-bindings/nam' is ambiguous
 test262/test/language/module-code/ambiguous-export-bindings/namespace-unambiguous-if-import-star-as-and-export.js:74: SyntaxError: export 'foo' in module 'test262/test/language/module-code/ambiguous-export-bindings/nam' is ambiguous
 test262/test/language/module-code/top-level-await/module-graphs-does-not-hang.js:10: TypeError: $DONE() not called
-test262/test/language/module-code/top-level-await/rejection-order.js:20: TypeError: $DONE() not called
 test262/test/language/statements/await-using/initializer-Symbol.asyncDispose-disposed-at-end-of-imported-module.js:11: SyntaxError: exported variable 'resource' does not exist
 test262/test/language/statements/await-using/initializer-Symbol.dispose-disposed-at-end-of-imported-module.js:11: SyntaxError: exported variable 'resource' does not exist
 test262/test/language/statements/class/elements/syntax/valid/grammar-field-named-get-followed-by-generator-asi.js:40: SyntaxError: invalid property name
diff --git a/tests.conf b/tests.conf
index 192656e0b..e5d17b07c 100644
--- a/tests.conf
+++ b/tests.conf
@@ -16,3 +16,9 @@ tests/fixture_throwing_module.js
 tests/fixture_reexport_source.js
 tests/fixture_reexport_missing.js
 tests/fixture_reexport_direct.js
+tests/fixture_reject_leaf.js
+tests/fixture_reject_mid.js
+tests/fixture_reject_top.js
+tests/fixture_reject_sib_leaf.js
+tests/fixture_reject_sib_a.js
+tests/fixture_reject_sib_b.js
diff --git a/tests/fixture_reject_leaf.js b/tests/fixture_reject_leaf.js
new file mode 100644
index 000000000..a6df1b2db
--- /dev/null
+++ b/tests/fixture_reject_leaf.js
@@ -0,0 +1,3 @@
+/* the async module that actually fails */
+await Promise.resolve();
+throw new Error("leaf rejected");
diff --git a/tests/fixture_reject_mid.js b/tests/fixture_reject_mid.js
new file mode 100644
index 000000000..413867076
--- /dev/null
+++ b/tests/fixture_reject_mid.js
@@ -0,0 +1,2 @@
+import "./fixture_reject_leaf.js";
+export const mid = 1;
diff --git a/tests/fixture_reject_sib_a.js b/tests/fixture_reject_sib_a.js
new file mode 100644
index 000000000..f80a641a0
--- /dev/null
+++ b/tests/fixture_reject_sib_a.js
@@ -0,0 +1,2 @@
+import "./fixture_reject_sib_leaf.js";
+export const a = 1;
diff --git a/tests/fixture_reject_sib_b.js b/tests/fixture_reject_sib_b.js
new file mode 100644
index 000000000..c5a49bef2
--- /dev/null
+++ b/tests/fixture_reject_sib_b.js
@@ -0,0 +1,2 @@
+import "./fixture_reject_sib_leaf.js";
+export const b = 1;
diff --git a/tests/fixture_reject_sib_leaf.js b/tests/fixture_reject_sib_leaf.js
new file mode 100644
index 000000000..c2d043d74
--- /dev/null
+++ b/tests/fixture_reject_sib_leaf.js
@@ -0,0 +1,2 @@
+await Promise.resolve();
+throw new Error("sibling leaf rejected");
diff --git a/tests/fixture_reject_top.js b/tests/fixture_reject_top.js
new file mode 100644
index 000000000..57306af56
--- /dev/null
+++ b/tests/fixture_reject_top.js
@@ -0,0 +1,2 @@
+import "./fixture_reject_mid.js";
+export const top = 1;
diff --git a/tests/module-async-rejection-order.js b/tests/module-async-rejection-order.js
new file mode 100644
index 000000000..d6dd50229
--- /dev/null
+++ b/tests/module-async-rejection-order.js
@@ -0,0 +1,61 @@
+import { assert } from "./assert.js";
+
+/* AsyncModuleExecutionRejected rejects the module's own [[TopLevelCapability]]
+   before recursing into [[AsyncParentModules]], so a failing async module
+   settles leaf first and root last. Doing it the other way around settles the
+   whole chain in reverse. */
+
+/* Importing the leaf first, then each ancestor in turn, gives every module in
+   the chain its own top level capability, which is what makes the order
+   observable at all. */
+const order = [];
+const errors = [];
+
+function record(name) {
+    return e => { order.push(name); errors.push(e); };
+}
+
+const leaf = import("./fixture_reject_leaf.js").then(record("leaf.ok"),
+                                                     record("leaf"));
+const mid = import("./fixture_reject_mid.js").then(record("mid.ok"),
+                                                   record("mid"));
+const top = import("./fixture_reject_top.js").then(record("top.ok"),
+                                                   record("top"));
+
+await Promise.all([leaf, mid, top]);
+
+assert(order.join(" -> "), "leaf -> mid -> top");
+
+/* every module in the chain reports the leaf's error, and it is the very
+   same object, not a copy */
+assert(errors.length, 3);
+for (const e of errors) {
+    assert(e instanceof Error, true);
+    assert(e.message, "leaf rejected");
+    assert(e === errors[0], true);
+}
+
+/* re-importing the failed modules keeps reporting the same error and does
+   not re-run anything */
+{
+    const again = [];
+    await Promise.all([
+        import("./fixture_reject_leaf.js").then(() => again.push("ok"),
+                                                e => again.push(e.message)),
+        import("./fixture_reject_top.js").then(() => again.push("ok"),
+                                               e => again.push(e.message)),
+    ]);
+    assert(again.length, 2);
+    assert(again[0], "leaf rejected");
+    assert(again[1], "leaf rejected");
+}
+
+/* two independent ancestors of the same failing leaf are both notified */
+{
+    const seen = [];
+    const a = import("./fixture_reject_sib_a.js").catch(e => seen.push("a"));
+    const b = import("./fixture_reject_sib_b.js").catch(e => seen.push("b"));
+    await Promise.all([a, b]);
+    seen.sort();
+    assert(seen.join(","), "a,b");
+}