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Latest: Asia Stock Market News

Factory Activity in China Slows For Third Straight Month
Factory Activity in China Slows For Third Straight Month

Official data on Thursday showed industrial output grew 5.1% from a year earlier, slowing from June, but retail sales rose 2.7% in July

SoftBank Ditches Planned AI Chips Tie-up With Intel – FT
SoftBank Ditches Planned AI Chips Tie-up With Intel – FT

SoftBank blamed Intel for the failed tie-up, claiming the chipmaker was not able to meet its demands for volume and speed, the report said

Climate Change ‘Fuelled’ Rain That Led to Fatal Indian Landslides
Climate Change ‘Fuelled’ Rain That Led to Fatal Indian Landslides

Asian economies are particularly vulnerable to torrential rains and storms, which can make up for 80% of the extreme weather events in the region

Thailand’s Top Court Dismisses Prime Minister Srettha – AP
Nikkei Gains on Kishida Departure, Lending Drop Hits Hang Seng
Japanese PM Kishida Says He Will Resign Next Month
China Bank Loans at 15-Year Low, as Factory Activity, Exports Dip
China Central Bank Vows $14bn to Rebuild Flooded Farm Areas
China Outbound Investing Quotas Demand Soars Amid Downturn
Firms May Abandon Net-Zero Plans Amid Carbon Offset Uncertainty

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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