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Latest: Asia Stock Market News

China’s TikTok Sues Montana Over Statewide Ban
China’s TikTok Sues Montana Over Statewide Ban

Montana, which has a total of about 1.1 million residents, is the first US state to impose a ban on the short-video app, which is due to take effect on January 1, 2024

China Set to Install 100 GW of Solar Power This Year – PV Mag
China Set to Install 100 GW of Solar Power This Year – PV Mag

China is set to be the first country to install 100 gigawatts of solar power in a year, thanks to decades of research and development, plus strong government support over the past 20 years

Nikkei Snaps Winning Streak, Hang Seng Slips on China Outlook
Nikkei Snaps Winning Streak, Hang Seng Slips on China Outlook

Japan’s benchmark dropped as bargain-buyers swooped while Hong Kong’s main index fell with confidence waning in China’s recovery

Global Watchdog Unveils Regulatory System For Crypto Sector
US Signs Defence, Surveillance Pacts With Papua New Guinea
China Freezes Lending Rates, Weak Yuan Dashes Easing Hopes
Indian Rupee Weakens as RBI Pulls Highest Value Currency Note
China Firms’ London, Zurich Listings Plans Under Threat
Nikkei Soars Again, Hang Seng Rallies on Tech Stocks Boost
India to Withdraw 2000-Rupee Notes Ahead of Elections

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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