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Latest: Asia Stock Market News

Wang Yi Tells Borrell to ‘Clarify’ EU’s Position on China
Wang Yi Tells Borrell to ‘Clarify’ EU’s Position on China

Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership

Seasonal Change for Crypto As Outlook Begins to Improve
Seasonal Change for Crypto As Outlook Begins to Improve

A series of positive regulatory and investment developments has shifted the outlook for crypto; Ripple soars after a US judge said it could be legally sold on public exchanges

BYD Proposes $1-Billion Plan to Build EVs, Batteries in India
BYD Proposes $1-Billion Plan to Build EVs, Batteries in India

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres

Beijing Slams Germany’s China Strategy Paper on De-Risking
BOJ to Hold Workshop for Ueda’s Review of Monetary Easing
Beijing to Host World’s Biggest Investors for Rare Meeting
World’s Oceans Changing Colour, Study Finds – Guardian
Asia Stocks See Best Week of 2023, Dollar Sinks as Inflation Eases
Hang Seng and Nikkei Surge on Hope Rate Hikes Will End Soon
China Sets Interim Rules for Generative AI Accessible to Public

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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