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Latest: Asia Stock Market News

China’s Subsidy Scheme Helps Boost Single’s Day Sales
China’s Subsidy Scheme Helps Boost Single’s Day Sales

Alibaba said sales of dozens of brands topped a billion yuan, while JD.com said sales were up 20% on 2023, helped by a state subsidy scheme for new appliances launched in July

‘We Are on a Road to Ruin’: COP29 Kicks Off Amid Trump Worry
‘We Are on a Road to Ruin’: COP29 Kicks Off Amid Trump Worry

The COP29 summit’s ability to reach consensus on urgent climate action also remains in shrouded in doubt, given several prominent world leaders are planning to skip the event

China’s ‘Broke’ Local Governments Turning to Extortion: HRW
China’s ‘Broke’ Local Governments Turning to Extortion: HRW

Local governments are extorting money from entrepreneurs in wealthy cities via China's “disciplinary commissions,” Human Rights Watch says

Taiwan Says TSMC Not Allowed to Make 2nm Chips Abroad, For Now
Vote Sees Ishiba Stay as Japan’s PM, Talks With Trump Eyed
Toyota Keen to Bolster Output With Chinese Partners: Sources
China-Indonesia Sign $10bn in Deals on EVs, Batteries, Solar
TSMC to Cut Off All Chinese AI Clients From Its Advanced Chips
World Underestimates Climate Breakdown Risks: Guterres – G’dian
China ‘More Vulnerable to Trump Tariffs’ After Slowdown

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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