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Latest: Asia Stock Market News

China Plans 50% Jump in Computing Power by 2025 Amid AI Rush
China Plans 50% Jump in Computing Power by 2025 Amid AI Rush

In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China

EU May Also Probe China Subsidies for Wind Turbines – FT
EU May Also Probe China Subsidies for Wind Turbines – FT

The EU is considering a probe into Chinese subsidies for wind turbines, after local firms said cheap Chinese imports were pushing them to near-collapse

Hang Seng Gains But Israel, China Data Weigh; Nikkei Closed
Hang Seng Gains But Israel, China Data Weigh; Nikkei Closed

Oil prices surged after the Hamas invasion from Gaza, piling pressure on equities, while China’s economic struggles continued to have an impact too

China’s Private Real Estate Giants Teeter Near Collapse
Ex-Bank of China Chairman Expelled From Communist Party
Aussie Billionaire Could Block $4.3bn Takeover of Lithium Miner
Hang Seng Bets on Holiday Boost, Nikkei Dips on US Jobs Fears
Taiwan Looking at Tighter Rules on Key Tech Such as Chips
Indonesian State Firms Sending Weapons to Myanmar, Activists Say
Alibaba’s Main Logistics Hub in Europe ‘Suspected Of Spying’

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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