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Latest: Asia Stock Market News

Industries Shut Down as Iran’s Energy Crisis Gets Dire – NYT
Industries Shut Down as Iran’s Energy Crisis Gets Dire – NYT

Iran is facing a major energy crisis which has forced many businesses to shut down and schools to go online, a new report says

South Korea Crisis Deepens as Acting President Also Impeached
South Korea Crisis Deepens as Acting President Also Impeached

The impeachment of Han Duck-soo has pushed South Korea's once-vibrant democratic success story into uncharted territory

China’s Industrial Profits Down 7% on Weak Demand in November
China’s Industrial Profits Down 7% on Weak Demand in November

Official data on Friday showed that industrial profits fell 7.3% in November from the same month last year, following a 10% drop in October

Neighbours Worried About China’s Giant New Dam in Tibet
Brazil Shuts BYD Factory Site Over ‘Slavery-Like Conditions’
News Corp Sells Foxtel Cable TV Unit to DAZN for $2.1bn
China Plans Record $411 Billion Bond Issuance in 2025: Sources
Toyota to Build Plant in China to Make Luxury EVs – Nikkei
India to Enforce Energy Storage for Solar, Wind Projects – PV
Honda, Nissan Start Merger Talks to Create $50bn Auto Giant

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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