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Latest: Asia Stock Market News

Japan Leaders Want Law on Generative AI ‘Within the Year’
Japan Leaders Want Law on Generative AI ‘Within the Year’

Japan's ruling party's AI project team is planning to draft preliminary rules, including penal regulations, for foundation model developers such as OpenAI

Volkswagen’s China Troubles Worsen Amid New Forced Labour Claim
Volkswagen’s China Troubles Worsen Amid New Forced Labour Claim

VW has said it is reviewing “the future direction of business" in Xinjiang, where a test track was constructed for the German carmaker, allegedly using forced labour

Nikkei, Hang Seng and Taiwan Get Big Lift From Chip Stocks Surge
Nikkei, Hang Seng and Taiwan Get Big Lift From Chip Stocks Surge

The Nikkei benchmark rose to a 34-year high, while TSMC and other chip-related stocks helped most Asian markets higher on Thursday

Russians Get Chinese Help to Make Citroen EVs at Stellantis Plant
Japan Slips Into Recession, But BOJ Still Seen Ending Stimulus
India’s Paytm Bleeds Amid Financial Crime Probe in Banking Arm
Nikkei Dips, But Hang Seng up After Sticky US Inflation Data
Any Expansion of China Chip Curbs Will Risk Business, ASML Says
India’s Modi in $9bn Push for Rooftop Solar Ahead of Poll – Express
Chinese Biotech Stocks Plunge Again on Call for Sanctions Review

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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