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Latest: Asia Stock Market News

Australia’s Corporate Watchdog Should be Split in Two: Report
Australia’s Corporate Watchdog Should be Split in Two: Report

A Senate committee has recommended that Australia's corporate regulator be split in two, because the scope it has to cover is so large it launches relatively few prosecutions

Chinese Firms See Morocco as Path to US EV Credits – AP
Chinese Firms See Morocco as Path to US EV Credits – AP

Many Chinese battery-makers have invested in the African nation recently as JVs with local firms in countries with trade deals with the US may get tax credits

China Far Ahead of the US in Generative AI Patents
China Far Ahead of the US in Generative AI Patents

Among the top applicants for GenAI patents were China's ByteDance - which owns video app TikTok - and e-commerce giant Alibaba Group

Indonesia’s First EV Battery Plant Launched by Hyundai, LGES
China’s Services Confidence at 4-Year Low, Survey Shows
Germany Opposes EU Tariffs on China EVs, as Trade Heat Rises
Samsung Chip Output At Risk as Workers Announce All-Out Strike
China Lawmakers Finishing Law to Set up Financial Stability Fund
Indonesia Plans up to 200% Tariffs on Chinese Goods – Antara
Global Banks Slash Investment Units in China Amid Slowdown – FT

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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