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Latest: Asia Stock Market News

India to Overhaul its GST, Slash Levies on Small Cars, Electronics
India to Overhaul its GST, Slash Levies on Small Cars, Electronics

Delhi finalising large cuts to consumption tax on 175 products, from hybrid cars to consumer electronics to ease the likely fall in exports to the US and lift consumption, sources say

Prabowo Cuts Lawmakers’ Benefits After Riots in Indonesia
Prabowo Cuts Lawmakers’ Benefits After Riots in Indonesia

Protests that began last Monday over parliamentarians getting excessive pay and housing allowances escalated to riots on Friday after a motorcycle driver was killed during police action

Indian Billionaire Ambani Plans Huge Reliance Jio IPO in Mid-2026
Indian Billionaire Ambani Plans Huge Reliance Jio IPO in Mid-2026

Mukesh Ambani plans to list his telecoms and digital giant Jio Platforms, valued at over $100 billion, next year; he is also branching out into AI with Meta and Google

Top Court Dismisses Thai PM Paetongtarn for Ethical Breaches
Putin Seen Seeking More Help From Xi to Curb Russian Trade Fall
Japan Wants Issues Sorted Before Trade Rep Seals Big Tariff Deal
India’s Modi ‘Avoiding Trump’s Phone Calls’ As Tariffs Hit: Reports
Three People Charged in Taiwan for Theft of TSMC Chip Secrets
Trump’s 50% Tariffs on Indian Imports Hits Jobs, Bilateral Ties
‘Can Destroy China’: Trump Says Beijing Has to Give US Magnets

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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