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Latest: Asia Stock Market News

China-Tied Fund Seeks to Axe Australia Rare Earths Firm’s Head
China-Tied Fund Seeks to Axe Australia Rare Earths Firm’s Head

The fund’s push to remove Northern Minerals' chairman comes after the miner asked Australian authorities to investigate whether ‘Chinese interests’ were trying to bypass an earlier ban on greater stake in the firm

Seismic AI Discovery May Have Led to Altman’s OpenAI Firing
Seismic AI Discovery May Have Led to Altman’s OpenAI Firing

A letter written by staff researchers to the OpenAI board of directors, in the days before Altman's dismissal, warned of an AI discovery that ‘could threaten humanity’

Global Subsidies For Oil, Gas and Coal Now Reach $7 Trillion: IMF
Global Subsidies For Oil, Gas and Coal Now Reach $7 Trillion: IMF

Fossil fuel subsidies have risen $2 trillion to $7 trillion, according to the International Monetary Fund, as governments around the world try to protect consumers from rising energy prices

Hang Seng, China Stocks Gain on Rate Hopes, Stimulus Bets
The ‘Big Catch’ in Binance’s $4.3-Billion Plea Deal – Fortune
China Wealth Manager Zhongzhi Admits to $64 Billion in Liabilities
Ma Alibaba Stock Sale, Cloud Unit Listing Axe a ‘Coincidence’
Xinjiang Rules: $640m of SE Asian Exports Held up at US Ports
Nikkei Boosted by Weak Yen, Hang Seng Flat on Stimulus Wait
Sam Altman Back at OpenAI as CEO After Days of Drama

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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