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Latest: Asia Stock Market News

Red Sea Crisis Hurting Indian Exporters As Rivals Nab Business
Red Sea Crisis Hurting Indian Exporters As Rivals Nab Business

Small exporters in India, many of whom work on small margins, have warned that job losses could soar if attacks in the Red Sea drag on for months this year

US Failure to Back Funding Opens Door to China: Pacific Islands
US Failure to Back Funding Opens Door to China: Pacific Islands

Leaders of Pacific Island nations allied with the US have become anxious about the US budget impasse that has delayed approval of vital new funding packages

Japan Leaders Want Law on Generative AI ‘Within the Year’
Japan Leaders Want Law on Generative AI ‘Within the Year’

Japan's ruling party's AI project team is planning to draft preliminary rules, including penal regulations, for foundation model developers such as OpenAI

Volkswagen’s China Troubles Worsen Amid New Forced Labour Claim
Nikkei, Hang Seng and Taiwan Get Big Lift From Chip Stocks Surge
Russians Get Chinese Help to Make Citroen EVs at Stellantis Plant
Japan Slips Into Recession, But BOJ Still Seen Ending Stimulus
India’s Paytm Bleeds Amid Financial Crime Probe in Banking Arm
Nikkei Dips, But Hang Seng up After Sticky US Inflation Data
Any Expansion of China Chip Curbs Will Risk Business, ASML Says

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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