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Latest: Asia Stock Market News

China Sees Energy Storage Boom, Battle to Ease Grid Bottlenecks
China Sees Energy Storage Boom, Battle to Ease Grid Bottlenecks

Experts say pricing reforms and better tech are needed for a storage sector whose rapid growth has been plagued by low utilisation and losses for operators

China’s Central Bank Moves to Cool Bonds Market Trading
China’s Central Bank Moves to Cool Bonds Market Trading

PBOC says it has signed deals with major financial institutions to borrow medium- and long-term bonds and will sell them depending on market conditions in a bid to cool a major rally

India ‘Asks Utilities to Order $33bn in Gear to Lift Coal Output’
India ‘Asks Utilities to Order $33bn in Gear to Lift Coal Output’

Modi government has asked power companies to order $33 billion worth of equipment this year to ramp up more coal power for the rest of this decade

Asian Stocks Rise to 27-Month High on US Rate Cut Hopes
Italian Officials Seize Chinese Drone Parts Bound For Libya
China’s BYD Opens Its First EV Plant in Southeast Asia
India’s Surging Economy at Risk From Severe Water Shortages
EU Plans Duties On Cheap Goods From Temu, Shein, AliExpress: FT
Australia’s Corporate Watchdog Should be Split in Two: Report
Chinese Firms See Morocco as Path to US EV Credits – AP

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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