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Latest: Asia Stock Market News

Altman Looks to Calm Nerves on OpenAI Shake-Up Amid Fundraising
Altman Looks to Calm Nerves on OpenAI Shake-Up Amid Fundraising

At stake for OpenAI is fundraising worth $6.5 billion that could give the company a valuation of $150 billion

Former Defence Minister Shigeru Ishiba to be Japan’s Next PM
Former Defence Minister Shigeru Ishiba to be Japan’s Next PM

A self-proclaimed lone wolf, Ishiba has long been popular with the public. He is a supporter of the idea of an Asian NATO.

China’s Top Cities Set to Lift All Curbs on Homebuyers
China’s Top Cities Set to Lift All Curbs on Homebuyers

Shanghai and Shenzhen are expected to abolish all purchase restrictions in coming weeks to revive demand. Beijing is also said to be reconsidering its home-buying curbs

Hang Seng Rallies on Beijing Boosts, Nikkei Lifted by Soft Yen
Chinese Industrial Firms Hit by Plunge in Profits in August
Big Tech’s Hunger For AI Power Unsettling ESG Investors
China Set to Issue $284bn in Special Bonds to Lift Economy
Hang Seng Soars on New Stimulus Bets; Tech Rally Lifts Nikkei
Russia Secretly Building War Drones in China, EU Intel Says
Amazon Joins Firms in $180 Million Brazil Carbon Credits Deal

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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