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Latest: Asia Stock Market News

Indian Banks Wary About Official Push for More Coal Mines
Indian Banks Wary About Official Push for More Coal Mines

Only four of 87 mines sold to companies over the past three years are operating. The rest have yet to get funding, as banks prefer renewable projects, partly because of coal's decreasing viability

$55 Billion Crypto Gambling Case on Trial in China – Toutiao
$55 Billion Crypto Gambling Case on Trial in China – Toutiao

Police discovered the ring when one gambler sought help saying “please help me, I am gambling on my mobile phone and my family is going to be ruined”

India’s Tata to Build $5 Billion EV Battery Gigafactory in UK
India’s Tata to Build $5 Billion EV Battery Gigafactory in UK

This will be Tata’s first gigafactory outside of India and will have the capability to produce an initial output of 40 gigawatt hours

China’s Feuding Online Fashion Retailers: Temu vs Shein
Investors Load Up Bullish Bets on China After Growth Setback
Nikkei Gains as BoJ Stands Firm, Hang Seng Dips on China Data
China Evergrande Restructure Doubts After $81bn Loss Revealed
India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees
CITIC’s Hong Kong Bankers Face Shift to Mainland, Pay Cut
Chip Firms Meet US Officials on China as Lobby Warns On Curbs

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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