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Latest: Asia Stock Market News

China Tightening Grip on Critical Minerals For Chips – NYT
China Tightening Grip on Critical Minerals For Chips – NYT

A state enterprise is acquiring control of the last foreign-owned rare earth refineries in China, while details about the sector are now classed as state secrets

Funding Gap Hurts Climate Talks While World Faces 3.1C Warming
Funding Gap Hurts Climate Talks While World Faces 3.1C Warming

The countries primarily responsible for the financing crunch are, ironically, the two biggest economies of the world — the United States and China

Top Chinese Lawmakers to Meet in Week of US Election
Top Chinese Lawmakers to Meet in Week of US Election

The US election poses risks for China – the threat of major tariff increases, a trade war and geopolitical instability if Trump wins; economic decisions can be made once the result is known.

Rio Tinto Signs Decarbonisation Deal With China’s Nanjing Steel
China Self-Driving Firm WeRide Gets $440m Via IPO, Placement
China Eyes Minerals, Offers Afghan Taliban Tariff-Free Trade
US-China Tech War Seen Continuing Under Trump or Harris
Yuan Suffers Biggest Dip in a Year, Amid Fear of Trump Poll Win
New Battery From China’s CATL Aims at Extended Range Hybrids
EV Shift to Have Far-Reaching Impact on Trade, Employment: IMF

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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