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Latest: Asia Stock Market News

‘Wealthy Nations’ Fossil Fuel Deals Threaten a Global Catastrophe’
‘Wealthy Nations’ Fossil Fuel Deals Threaten a Global Catastrophe’

UN chief Antonio Guterres says rich nations must stop signing oil and gas deals, as they risk a "worldwide catastrophe" that imperils island states and coastal cities everywhere

Samsung SDI Agrees to $3.5bn EV Battery Plant in US With GM
Samsung SDI Agrees to $3.5bn EV Battery Plant in US With GM

Samsung SDI announces deal with GM on EV battery plant in Indiana, which will aim to have an initial production capacity of 27 gigawatt hours per year

Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs
Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs

Canadian Prime Minister Justin Trudeau has said China was 'not playing by the same rules' as the rest of the world. He is also considering similar levies on imports of chips and solar cells

Chinese Tech Giants Pouring Cash Into AI Processors – FT
Most Effective Climate Policies Identified in New Study
Investors in Musk’s X Tied to Sanctioned Putin Allies  – Essanews
PDD Stock Plunges 28% as Revenue Hit by China Slowdown
Many US Manufacturers Don’t Want Tariff Hikes on China Imports
Ukraine’s Zelensky Urges India to Cut Russian Oil Imports – UP
IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff

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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