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Latest: Asia Stock Market News

US Treasury Seen Limiting Chinese Role in EV Market – WSJ
US Treasury Seen Limiting Chinese Role in EV Market – WSJ

The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies

Nikkei Lifted by Rates Hopes, Hang Seng Up Despite China Data
Nikkei Lifted by Rates Hopes, Hang Seng Up Despite China Data

Stock indexes across the region were set for their best month since January with rising optimism the US Fed was done with tightening

Work on New Coal Plants Raises Doubt on China’s Climate Vows
Work on New Coal Plants Raises Doubt on China’s Climate Vows

A flurry of approvals of new coal-fired plants in recent years spurs fear over China's climate pledges – and the huge task for the world to meet its global warming targets

China ETFs Rake in Highest Ever Annual Inflows
China Seen Installing 230 GW of Solar & Wind Power in 2023 – PV
Huawei’s State-Backed Smart Car Firm Set For $35bn Valuation
Summit Leader ‘Using COP28 to Promote Fossil Fuels’ – NYT
Hang Seng Drops on Tech, Earnings; Banking Weighs on Nikkei
China’s Debt-laden Provinces Raise $21bn to Save Small Banks
COP28: Cities Give A Glimpse of Changes Sweeping the World

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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