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Latest: Asia Stock Market News

No Tariff Deal With US Till After June 3 Election, South Korea Says
No Tariff Deal With US Till After June 3 Election, South Korea Says

Working groups will discuss key issues in new trade talks, but Seoul must hold an election before it can make commitments on big energy projects and defence costs

China’s Huawei ‘Hoping Its New AI Chip Can Outpower Nvidia’
China’s Huawei ‘Hoping Its New AI Chip Can Outpower Nvidia’

Huawei has approached some Chinese tech companies about testing the technical feasibility of its new chip, the Ascend 910D

China Opts to Keep Its Powder Dry, Defers Unveiling New Stimulus
China Opts to Keep Its Powder Dry, Defers Unveiling New Stimulus

Politburo has opted to implement policies quicker rather than launch new spending measures, to maintain flexibility in a fast-changing external environment

Trump Says ‘Xi Called’ Him, Signals Trade Deals in Coming Weeks
Apple Will Shift Production of US iPhones to India, FT Says
Tariffs Must be Scrapped if US Truly Wants a Trade Fix: China
US Lawmakers Target Three China Telcos Over Security Concerns
Chinese Exporters Slow to Switch to ‘Weak’ Domestic Market
China Follows US Playbook in Rare Earth Crackdown; Tesla Hit
China Mocks Trump’s Turnaround: ‘Tariffs to Drop Substantially’

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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