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Latest: Asia Stock Market News

EV Shift to Have Far-Reaching Impact on Trade, Employment: IMF
EV Shift to Have Far-Reaching Impact on Trade, Employment: IMF

The agency expects carmakers to continue working towards making cheaper and innovative EVs — with China firmly in the lead. It also predicts a hit to Europe’s GDP from the EV transition

China Think Tank Calls For $280bn Fund to Stabilise Stocks
China Think Tank Calls For $280bn Fund to Stabilise Stocks

China's recent policy stimulus has triggered a furious rally in stocks, though that euphoria has turned into caution in past weeks

TSMC Ends Dealings With Firm Seen as Proxy Buyer For Huawei
TSMC Ends Dealings With Firm Seen as Proxy Buyer For Huawei

Chipmaker suspends deals with firm seen buying chips on behalf of Huawei after it was told the tech giant's Ascend 910B had a TSMC chip in its AI accelerator

Climate Change Has Cost China $32 Billion in Just One Quarter
Chinese Media Cut Reports on ‘3nm Chip Designed by Xiaomi’
Chinese Exchange Hits Evergrande Unit, Bosses With Sanctions
US Sets New Rules to Block China, Rivals’ Access to US Data
India And China Resolve Border Row, Agree to Separate Patrols
At COP16, Officials Push to Align Nature And Climate Goals
99% of Players in AI ‘Bubble’ Will go Bust: Baidu CEO – Register

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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