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Latest: Asia Stock Market News

Tata Tech Unit Valued at $6.4bn in Bumper Trading Debut
Tata Tech Unit Valued at $6.4bn in Bumper Trading Debut

Tata Technologies surged past its initial public offer price to end 163% up on the day, to underline what has been a record IPO year in India

China Investment Curbs May Not be Part of Key US Defence Bill
China Investment Curbs May Not be Part of Key US Defence Bill

A bill requiring US companies to notify federal agencies of investment in Chinese technologies is opposed by a key lawmaker who believes Washington needs to invest more in its rival

China Bank Tells Staff: Avoid Bad News and Luxury Goods
China Bank Tells Staff: Avoid Bad News and Luxury Goods

China International Capital Corp tells its analysts not to publish negative views on China's economy or its financial markets, asks staff not wear luxury brands or disclose their pay

Hope for Early Deal on Climate Damage Fund as COP28 Opens
US Treasury Seen Limiting Chinese Role in EV Market – WSJ
Nikkei Lifted by Rates Hopes, Hang Seng Up Despite China Data
Work on New Coal Plants Raises Doubt on China’s Climate Vows
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

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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