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Latest: Asia Stock Market News

Only One Development Bank Vowing to Halt Funds for Fossil Fuels
Only One Development Bank Vowing to Halt Funds for Fossil Fuels

COP28 president Sultan Al Jaber also seen opposing the UN chief's call for a halt in the use of fossil fuels

Wealthy Families, Private Firms Moving Billions Out of China – NYT
Wealthy Families, Private Firms Moving Billions Out of China – NYT

Rich Chinese families and private companies have taken or sent an estimated $50 billion a month out of China this year, a recent report says

Indonesia, ADB, Owners to Shut Coal Power Station Early
Indonesia, ADB, Owners to Shut Coal Power Station Early

Jakarta and the Asian Development Bank have agreed to a deal that will see a 660-MW coal plant in West Java shut seven years earlier than scheduled

COP28: Over 110 Nations Join Deal to Triple Renewable Energy
US Pledges $3 Billion for Green Climate Fund at COP28
Microsoft Dismisses Dangerous AI Worry, Says Tech Decades Away
China Lithium Prices to Tank in 2024 Amid Global Supply Surge
Two Executives From China’s Zhongzhi Missing After Collapse
Tech Drags on Nikkei, China Data Weighs on Hang Seng
Tata Tech Unit Valued at $6.4bn in Bumper Trading Debut

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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