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Latest: Asia Stock Market News

Oil Nations Blocking COP29 Efforts on Fossil Fuel Phaseout – FT
Oil Nations Blocking COP29 Efforts on Fossil Fuel Phaseout – FT

Negotiators say top oil-selling countries were likely to use a logjam on climate finance discussions to 'block any meaningful progress on fossil fuel mitigation'

BIS Warns Central Banks Not to Squander Interest Rate Buffers
BIS Warns Central Banks Not to Squander Interest Rate Buffers

BIS chief says "It would be a pity if this room for manoeuvre was squandered", but warns that "recessions are bound to come."

Huge Storms Battering China, Causing Chaos in Southeast Asia
Huge Storms Battering China, Causing Chaos in Southeast Asia

China's commercial centre was shut down by a typhoon on Monday, but people in northern Vietnam, Thailand and Myanmar were hit much harder by Typhoon Yagi in recent days

TikTok Set For Day in Court to Fight Potential US Ban
Hang Seng Gains as Poor Data Spurs Policy Bets, Nikkei Closed
Big US Banks Cut China Growth Outlook Amid Industrial Slowdown
In a First, Top Bank Hands Out Loan For Carbon Removal Credits
No Way Out For Chinese EV-Makers From Steep US, Europe Tariffs
US to Curb Cheap China Parcels: Temu, Shein Face Big Hit
PwC Hit With Big Fine, Suspension for China Evergrande Fiasco

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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