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Latest: Asia Stock Market News

Japan’s Salaries Surge Could See BoJ Turn to Tightening
Japan’s Salaries Surge Could See BoJ Turn to Tightening

Another year of consistent wage growth would force the Bank of Japan to consider ending its controversial monetary stimulus

Xinjiang Exports Jump as Trade to Central Asia Rises – Nikkei
Xinjiang Exports Jump as Trade to Central Asia Rises – Nikkei

Exports from Xinjiang rose to $409bn in the first 10 months of 2023 and could go higher as trade has jumped to countries in Central Asia and Southeast Asia, despite western sanctions.

Turmoil at OpenAI After Board Coup, Altman Heads to Microsoft
Turmoil at OpenAI After Board Coup, Altman Heads to Microsoft

Dozens of OpenAI staffers have reportedly announced internally that they are quitting the company, and many of them have taken to X to say the firm is "nothing without its people"

Workers in Cambodia Made Ill by ‘Toxic’ Fast Fashion Waste
Nikkei U-Turn After Early Surge, Hang Seng Enjoys Tech Boost
Japan to Drop Quarterly Reports for Listed Businesses – Nikkei
China’s Xi Scores Standing Ovations, Sanctions Relief on US Trip
Samsung Boss Faces Call for Five-Year Jail Term for Fraud
Shock Reversal on Cloud Unit Wipes $20bn Off Alibaba Shares
Tech Fears Spark Hang Seng Slide, Earnings Boost Nikkei

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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