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Latest: Asia Stock Market News

China Chip Designer Moore Threads Soars 500% in Shanghai IPO
China Chip Designer Moore Threads Soars 500% in Shanghai IPO

Analysts stunned by prices paid for stock, given the company has lost five billion yuan over the past three years and has yet to make a profit

Asia-Pacific ‘Faces $500bn Yearly Floods Hit if Warming Continues’
Asia-Pacific ‘Faces $500bn Yearly Floods Hit if Warming Continues’

Cyclones caused damage estimated at $20 billion in Asia in recent weeks. A new study warns that these costs will soar unless nations slash use of fossil fuels, and spend big on adaption in coastal cities.

China Says It’ll Approve Rare Earth Licences For ‘Civilian Use’
China Says It’ll Approve Rare Earth Licences For ‘Civilian Use’

This is the first such indication from Beijing that it is taking concrete measures to reach a key promised outcome from a meeting between US President Donald Trump and Xi Jinping in October

BOJ Rate Rise Likely This Month, Govt Accepts Move: Sources
Chinese Firms Fare Worst As Study Finds AI Majors Fail Safety Test
Thai Police Seize $300m in Assets ‘Linked to Scam Centre Bosses’
India Scraps Order Mandating State-Run App on Smartphones
China, HK Stocks Fall on Property Woes, Slow Services Growth
Apple to Resist Indian Order to Preload State-Run App on Phones
Indonesians Blame Deforestation For Floods, Landslides; 700 Dead

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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