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Latest: Asia Stock Market News

Chinese Banks Will be Told to Cut Mortgages by End-Oct: PBOC
Chinese Banks Will be Told to Cut Mortgages by End-Oct: PBOC

China's central bank says local banks should reduce rates on existing mortgages by no less than 30 basis points below the Loan Prime Rate.

China’s Bid to Lift Household Consumption ‘Will Take Years’
China’s Bid to Lift Household Consumption ‘Will Take Years’

Analysts say making household demand a driver of development, instead of investing in industry and infrastructure, is a long path paved with tough choices

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

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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