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Latest: Asia Stock Market News

BYD, Li Auto, XPeng Sell Record Numbers of EVs in September
BYD, Li Auto, XPeng Sell Record Numbers of EVs in September

Hybrid vehicles drove the sales surge at top Chinese EV brands, in keeping with larger global car-buying trends

US Reveals Preliminary Duties on Solar Panels from SE Asia
US Reveals Preliminary Duties on Solar Panels from SE Asia

The US has announced preliminary tariffs to be imposed on solar panels developed by Chinese firms but exported from countries in Southeast Asia

Australian Extensions for Coal Mines Angers Pacific States
Australian Extensions for Coal Mines Angers Pacific States

The decision could hurt the Albanese government's chances of re-election next year – and kill Australia's chance of co-hosting a UN climate summit with island nations in 2026

OpenAI Staring at $5bn Loss While Revenue Soars 1,700% – CNBC
Hang Seng Surges on Policy Bets, Middle East Weighs on Nikkei
Continued Fossil Fuel Investments Put $557 Trillion ‘At Risk’
Decline in China’s Solar Output Seen Due to Oversupply – PV Mag
EU Open to EV Tariff Talks With China Even After Friday Vote
Ishiba Confirmed as PM, Ahead of October 27 Snap Election
Weak ASEAN Nations ‘at Risk of Evolving Into Scamming States’

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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