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Latest: Asia Stock Market News

Stellantis Secures China Foothold With $1.6bn Leapmotor Deal
Stellantis Secures China Foothold With $1.6bn Leapmotor Deal

The Netherlands-based joint venture is expected to start exporting vehicles in the second half of 2024

The Transition to Clean Energy is Unstoppable, IEA Says
The Transition to Clean Energy is Unstoppable, IEA Says

"If China’s near-term growth were to slow by another percentage point, this would reduce 2030 coal demand by an amount almost equal to the volume currently consumed by the whole of Europe."

Nikkei Dips on Tech Declines, Property Woes Drag on Hang Seng
Nikkei Dips on Tech Declines, Property Woes Drag on Hang Seng

The long shadow of high interest rates and fading hopes of a Fed U-turn also weighed on sentiment while Beijing’s bond boost eased

Threat of More Rate Rises Slowing the Shift to Electric Vehicles
Country Garden Defaults on Bond, Sparks Contagion Fears – FT
China Hits 12 Regions, Cities With New Debt Growth Curbs
Xi Says China Willing to Cooperate as Key Aide Visits US
China Gets New Finance, Science Ministers, Defence Chief Axed
Nvidia to Stop Some AI Chip Exports to China Immediately
China’s New Bonds to Fight Climate Impacts, Lift Recovery

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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