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Latest: Asia Stock Market News

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 ETFs Rake in Highest Ever Annual Inflows

“Passive investment will likely outpace active investment in China over the next three to five years at least,” one investment manager said

China Seen Installing 230 GW of Solar & Wind Power in 2023 – PV
China Seen Installing 230 GW of Solar & Wind Power in 2023 – PV

A huge increase in China's solar production capacity and installation will give its citizens power prices less than half the user-prices in Europe or Australia, a new report says

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
Alibaba Shuts Down Quantum Computing Lab Amid Restructuring
Chinese-Owned Nexperia Set to Take Over Dutch Chip Startup

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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