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Latest: Asia Stock Market News

India Preparing Multi-Billion-Dollar Battery Subsidies – FT
India Preparing Multi-Billion-Dollar Battery Subsidies – FT

The Indian government is drafting a plan for large subsidies for companies that can help it make battery storage systems to enable the transition to clean energy sources

South Koreans Become A Year Or Two Younger With New Age Law
South Koreans Become A Year Or Two Younger With New Age Law

Under the traditional age counting system, used most commonly in South Koreans' everyday life, people are deemed to be a year old at birth and a year is added every January 1

US AI Chip Curbs Threat Boosts Nikkei, Drags on Hang Seng
US AI Chip Curbs Threat Boosts Nikkei, Drags on Hang Seng

A report that the US may halt shipments of AI chips made by Nvidia and others to China sent shockwaves through Asia’s markets

Australia Urged to Ban Online Gambling Ads to ‘End Social Havoc’
China Premier Li Vows to Back Stumbling Economy, Boost Demand
China Ratifies WTO Agreement to Cut Fishery Subsidies, But…
India’s Current Account Deficit Narrows as Trade Improves
How Samsung Exec ‘Stole $200m Chip Secrets’ for Foxconn China Fab
Chinese State Banks Selling Dollars to Slow Currency’s Decline
Thailand’s Pita Says ‘Enough’ Senators Will Back Him to be PM

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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