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Latest: Asia Stock Market News

China Vows to Help EV Makers Expand Overseas, Fight Sanctions
China Vows to Help EV Makers Expand Overseas, Fight Sanctions

Beijing has laid out wide-ranging guidelines for various departments and the central bank to help the new-energy-vehicle trade

China Appoints New Securities Regulator as Markets Flounder
China Appoints New Securities Regulator as Markets Flounder

Cabinet dumps Yi Huiman as chairman of the China Securities Regulatory Commission. He will be replaced by Wu Qing, a veteran securities regulator who had led the Shanghai Stock Exchange

Tesla is S&P 500’s Worst Performing Stock of 2024 – Quartz
Tesla is S&P 500’s Worst Performing Stock of 2024 – Quartz

Increased competition at home and abroad in the electric vehicle sector, particularly from China, has piled the pressure on Elon Musk’s firm

Shanghai to Allow Faster Offshore Data Transfers for Foreign Firms
China Tech Drags on Hang Seng, Nikkei Dips Despite Auto Boost
China’s Cheap Solar Panels Killing Europe’s Solar Manufacturers
China Voices Concern Over US Chip Curbs, Cloud Moves, Tariffs
Investors Exiting China Flock to India Despite Overheating Risk
Huawei, SMIC Set to Defy US Sanctions With 5nm Chips: FT
Death Penalty For Corrupt Former China Banks Boss – CD

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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