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Latest: Asia Stock Market News

Fossil Fuels Are OK, US Energy Secretary Tells Africans – NYT
Fossil Fuels Are OK, US Energy Secretary Tells Africans – NYT

Chris Wright said climate change was “real,” the report said, but reckoned it wouldn’t make a list of his top 10 problems the world faces

Four US Groups Seeking to Buy TikTok, Trump Says
Four US Groups Seeking to Buy TikTok, Trump Says

Potential buyers reportedly include Amazon, Oracle and Microsoft, the YouTube star MrBeast and Frank McCourt

China’s Tariffs ‘a Warning to Canada Not to Widen Trade War’
China’s Tariffs ‘a Warning to Canada Not to Widen Trade War’

Former central banker Mark Carney will have to deal with major trade issues with the US and China after he is sworn in as Canada's new leader in coming days

Toyota Unveils Bozhi 3X in China, a Cheap Advanced Smart EV
China’s Trade Drops in First Two Months Even Before Tariffs Hit
Trump Plan to Revive US Shipbuilding, Cut Chinese Grip on Sector
Vietnam, Thailand Among Asian Exporters at Risk of US Tariffs
Tanking Tesla Sales Risk its Carbon Credits Earnings – Politico
Trump Lauds $23bn BlackRock Buy-up of Hong Kong Giant’s Ports
China May Shift to Food Imports From Brazil, Australia, if Tariffs Continue

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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