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Latest: Asia Stock Market News

Italian Officials Seize Chinese Drone Parts Bound For Libya
Italian Officials Seize Chinese Drone Parts Bound For Libya

Two military drones were found at a port disguised as wind turbine parts, Italian officials said; they were seized because of a UN embargo linked to Libya's civil war

China’s BYD Opens Its First EV Plant in Southeast Asia
China’s BYD Opens Its First EV Plant in Southeast Asia

BYD opened an electric vehicle factory in Rayong on Thailand's eastern seaboard on Thursday, as China's grip on the local car sector ramps up

India’s Surging Economy at Risk From Severe Water Shortages
India’s Surging Economy at Risk From Severe Water Shortages

India has suffered water shortages for decades, but crises are now more frequent as summers get hotter, disrupting agriculture and industry and risking social unrest

EU Plans Duties On Cheap Goods From Temu, Shein, AliExpress: FT
Australia’s Corporate Watchdog Should be Split in Two: Report
Chinese Firms See Morocco as Path to US EV Credits – AP
China Far Ahead of the US in Generative AI Patents
Indonesia’s First EV Battery Plant Launched by Hyundai, LGES
China’s Services Confidence at 4-Year Low, Survey Shows
Germany Opposes EU Tariffs on China EVs, as Trade Heat Rises

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AF China Bond

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