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Latest: Asia Stock Market News

Australia to Cut Tax Breaks, Limit Access to Retirement Funds
Australia to Cut Tax Breaks, Limit Access to Retirement Funds

Government plans to limit tax breaks for citizens with large superannuation funds, saying allowing citizens early access to funds before they retire is costing huge sums

China Urged to Focus on Well-Being, Climate Risks – Not GDP
China Urged to Focus on Well-Being, Climate Risks – Not GDP

Top global economists such as Nicholas Stern have urged China to adopt a new development model – based on "well-being" and countering climate risks rather than GDP growth.

China Buys Australian Cotton in Anticipation of Trade Ban Lift
China Buys Australian Cotton in Anticipation of Trade Ban Lift

China imported 20,000 tonnes of Australian cotton in 2022, compared to 400,000 in 2019, according to Chinese customs data.

Australia Was China’s Top Trade Restrictions Target – Study
China Asks State Firms to Drop Big Four Auditors Over Data Fears
Asian Stocks Drop on Ukraine Tensions, US Inflation Fears
China’s Xi Planning Russia Visit to Boost ‘Rock Solid’ Ties
India and Singapore Launch First Overseas Payments Link
Critical China Factory Hubs Face Greatest Climate Change Risk
Adani to Prepay $121 Million Loan as Market Value Drops 57%

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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