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Latest: Asia Stock Market News

China’s Nio to Launch Affordable EV brand Firefly in Europe
China’s Nio to Launch Affordable EV brand Firefly in Europe

A wave of Chinese EV makers are expanding in Europe amid slowing demand at home

Nissan to Export China-Made EVs in R&D Deal With Top University
Nissan to Export China-Made EVs in R&D Deal With Top University

The Japanese automaker is joining foreign brands like Tesla and BMW that are expanding their exports of China-made cars to exploit the country's lower manufacturing costs

India Shares See Longest Weekly Winning Streak Since 2018
India Shares See Longest Weekly Winning Streak Since 2018

The surge in Indian equities follows US Fed Chair Jerome Powell's acknowledgment of the risks of delaying rate cuts

Nasdaq-Listed China Shadow Bank Down 60% on Property Crisis Hit
Bankers Bet on Better China Sentiment Amid Asia IPO Slowdown
France’s Green EV Push Cuts China-Made Cars From Subsidies
Hang Seng Gains on Property Boost, Yen Drop Lifts Nikkei
Domestic Sales of Chinese Video Games Rebound, Top $42.6bn
China 2024 Budget Plans 3% GDP Outlay, Plus Special Bonds
China Solar Panel Costs Plunge in 2023, 60% Cheaper Than US

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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