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Latest: Asia Stock Market News

Cargo Rates Soar as Firms Assess Bid to Protect Red Sea Ships
Cargo Rates Soar as Firms Assess Bid to Protect Red Sea Ships

Costs have shot up as ships have rerouted around Africa. Some shippers are looking to boost the number of vessels sailing through the Suez Canal, but others want to see if the response to Houthi attacks is effective

Hang Seng Surges on Fed Bets, Sell-Off Sparks Nikkei Slide
Hang Seng Surges on Fed Bets, Sell-Off Sparks Nikkei Slide

Rising hopes of a new year U-turn on US interest rates lifted the mood across the region’s trading floors

Nikkei, Hang Seng Surge Amid Global Rally on Rate Cut Optimism
Nikkei, Hang Seng Surge Amid Global Rally on Rate Cut Optimism

"A more dovish Fed means the likelihood of recession in 2024 has fallen considerably," one market analyst said

BYD Set to Test Autonomous Driving on High-Speed Roads
Shipping Firms Chart Return to Red Sea Amid US Military Push
Japanese Tanker Attacked Near India by Iranian Drone, US Says
Beijing Slams US Plan to Review China’s Supply of Legacy Chips
China Identifies Disaster Relief Projects in $140bn Spending Plan
India Taps AI in Forecasts as Extreme Weather Weighs on Economy
China’s Yuan Leapfrogs Yen in Global Payments Rankings – FT

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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