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Latest: Asia Stock Market News

Millions of China’s State Workers Get Pay Rise to Lift Economy
Millions of China’s State Workers Get Pay Rise to Lift Economy

The surprise New Year payout could amount to a one-time shot to the economy of $12-20 billion if all 48 million civil servants in the public sector collected on terms some outlined

China Ponders Export Curbs on Lithium Tech, EV Batteries
China Ponders Export Curbs on Lithium Tech, EV Batteries

China's proposals could help it retain its 70% grip on global processing of lithium into the material needed to make EV batteries. It could also threaten expansion plans by groups such as CATL

China Unveils Bond-Funded Initiatives to Boost Sluggish Economy
China Unveils Bond-Funded Initiatives to Boost Sluggish Economy

The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

Kia Says Worker May Have Missed Seat Bolts in 23k EVs – InsideEVs
Chinese Electric Vehicles Selling Well in Non-Tariff Norway
Top Carmakers Continue China’s EV Price War For a Third Year
2024 Was China’s Warmest Year Since 1961, Shanghai Roasted
Oil Giants Ditch Renewables, Double Down on Fossil Fuels
China’s ByteDance to Spend $22 Billion on Tech in 2025 – SCMP
Chinese Hackers Stole Treasury Documents, US Officials Say

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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