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Latest: Asia Stock Market News

China’s BYD Confirms Mexico Factory Plan But Rules Out Exports
China’s BYD Confirms Mexico Factory Plan But Rules Out Exports

Reports of BYD’s plans to expand production in Mexico spurred speculation that the EV giant was looking for a way into the US car market

Biden Orders Probe Into Data Security Risks From Chinese EVs
Biden Orders Probe Into Data Security Risks From Chinese EVs

The White House said the probe could lead to restrictions being imposed on Chinese EVs due to concerns about "connected" car technology

SpaceX’s Talks With Vietnam Over Starlink Internet Hit a Snag
SpaceX’s Talks With Vietnam Over Starlink Internet Hit a Snag

Hanoi looks to have denied SpaceX's request for an easing of rules on foreign ownership of telecom firms with network infrastructure

Nikkei Cools on Profit-Locking, Flat Tech Drags on Hang Seng
Major Investment Shifts in Asia, as China Hedge Funds Plunge
China Premier Li Urges US to U-Turn on Decoupling Push
US Startup, Singapore to Build an Ocean Carbon Removal Plant
Nikkei Dips Amid Overheating Fears, Property Drags on Hang Seng
Country Garden Liquidation Petition Clouds Huge Debt Revamp
Bitcoin Hits $57k, Posts Two-Year High as Big Players Wade In

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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