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Latest: Asia Stock Market News

Meta Tolerates Billions in Chinese Scam and Fraud Ad Revenue
Meta Tolerates Billions in Chinese Scam and Fraud Ad Revenue

Meta believed China was the country of origin of about a quarter of all ads for scams and banned products on its global platforms, but later disbanded its anti-scam team. Then, early this year it deemed the level of fraud tolerable.

‘Shadow Banks’ Now Own Over Half of Global Assets, FSB Says
‘Shadow Banks’ Now Own Over Half of Global Assets, FSB Says

The rapid expansion of money market funds, hedge funds, private credit providers, pension funds and insurers is a growing concern for the Financial Stability Board

The Idea of AI Super-Intelligence is a ‘Fantasy’ – US Researcher
The Idea of AI Super-Intelligence is a ‘Fantasy’ – US Researcher

Firms that chase the dream of AI super-intelligence will falter, a researcher has said, as the idea "ignores the physical and economic realities that constrain all systems."

China’s Fossil Fuel Power Generation Set For First Fall In A Decade
China Grants First Permits For ‘Hands Free’ Autonomous Driving Cars
Calls For Reform Grow as Chinese Economy Slows in November
Chinese Minister Pressing Gulf States to Sign Free-Trade Deal
China Planning Crackdown on ‘Less-Than-Cost’ Car Price Wars
China Firms Lobby For Nvidia’s H200 But Local Chips Remain Key
Australia Gets Google to Lay Subsea Cables in Papua New Guinea

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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