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Latest: Asia Stock Market News

China’s Xi Issues Rare Warning on Over-Investment in EVs, AI – FT
China’s Xi Issues Rare Warning on Over-Investment in EVs, AI – FT

Xi’s comments have strengthened expectations that CCP officials will take steps to curb overcapacity in top industries

China Stops Most Antimony Exports But Rare Earth Sales to US Soar
China Stops Most Antimony Exports But Rare Earth Sales to US Soar

China's crackdown on the smuggling and trans-shipment of critical minerals hit exports of antimony and germanium in June even as rare earth magnet shipments jumped sharply thanks to a deal with Washington

Trump’s Dealings With Pakistan Has India Slowing Tariff Talks
Trump’s Dealings With Pakistan Has India Slowing Tariff Talks

Trump and Munir discussed counter-terrorism collaboration and ways to boost ties, which raised concern that any arms Pakistan gets from the US could be turned on India if the neighbours clash again

Can Online Feedback Help China Curb Corporate Misconduct?
Japanese PM Ishiba Vows to Kick on Despite Loss of Upper House
China Starts Work on Huge Dams in Tibet Opposed by Neighbours
China Softens Tone on US Ties Amid Potential Thaw In Chip War
Top Indian Think Tank Urges Easier Rules For Chinese Investors
US Bank Suspends China Travel, as Executive Banned From Leaving
China’s Focus on Economic Output is Crushing Some Citizens

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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