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Latest: Asia Stock Market News

Asian Steelmakers Failing on Shift to Renewables, Survey Finds
Asian Steelmakers Failing on Shift to Renewables, Survey Finds

Steelmakers from South Korea, India, Japan and China were among the biggest laggards in the shift to renewables, with some still depending entirely on fossil fuels for production

Chinese Ship Suspected of Dragging Anchor to Cut Baltic Cables
Chinese Ship Suspected of Dragging Anchor to Cut Baltic Cables

European investigators suspect a Chinese vessel dragged its anchor for over 100 miles to cut two underwater cables in the Baltic Sea earlier this month

Australian Law Bans Social Media for Children Under 16
Australian Law Bans Social Media for Children Under 16

The law forces Facebook, Instagram, TikTok and others to stop minors logging in or face fines of up to $32 million. A trial of methods to enforce it will start in January, with the ban to take effect in a year.

Ruble Plunges After US Sanctions GPB, Dozens of Russian Banks
Indonesia’s Prabowo Vows to Close Coal Plants in 15 Years – AP
Adani Case Exposes Flaws in India’s Clean Energy Rollout
Chinese Media to Trump: ‘There Are No Winners in Tariff Wars’
Hundreds of Evergrande Investors Press Chinese Officials for Help
Volkswagen Says it is Exiting Controversial Xinjiang Plant
EU MP: TikTok CEO ‘Must Explain Role in Romanian Poll’ – Politico

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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