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Latest: Asia Stock Market News

US, Vietnamese Firms Sign Billions in Energy, Mineral Deals
US, Vietnamese Firms Sign Billions in Energy, Mineral Deals

PetroVietnam signed an MoU with to buy GE equipment for gas-fired power plants, plus deals with Conoco Phillips and Excelerate, while oil refiner Binh Son did a deal with Kellogg Brown & Root

Cloud Over Panama Ports Deal: China Slams HK Owner’s Sellout
Cloud Over Panama Ports Deal: China Slams HK Owner’s Sellout

Fears rise that Beijing may seek to block the $22.8bn port deal; shares of CK Hutchison plunge after Chinese media damn the deal as a 'betrayal' of the Chinese people and an 'act of US hegemony'

Tesla Planning Cheaper, Smaller Model Y to Boost China Sales
Tesla Planning Cheaper, Smaller Model Y to Boost China Sales

The car will cost at least 20% less to produce than the refreshed Model Y launched last year, sources said. Production will begin next year.

Server Fraud Case in Singapore May be Linked to AI Chips, China
New CEO May Block Intel Split, TSMC’s Plan for JV to Run Fabs
South Korea Keen to Sell Submarines to Canada, Paper Says
Trade War Ramps up as Trump’s Steel and Aluminium Tariffs Start
Not a Single Asian Country Met Air Quality Standards in 2024
Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge
China Investors Buy Up Stakes Worth $30m in Musk’s Firms: 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