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Latest: Asia Stock Market News

Tesla Eyes Southeast Asia’s EV Boom But Faces China Challenge
Tesla Eyes Southeast Asia’s EV Boom But Faces China Challenge

Southeast Asia has emerged as one of the hottest EV markets and could boost Tesla at a time when demand is slowing in its two biggest markets: China and the US

US Ready to Ramp Up Investment in Chips, Thailand: Raimondo
US Ready to Ramp Up Investment in Chips, Thailand: Raimondo

Raimondo, on a tour to push investment in states in the Indo-Pacific Economic Framework, says the US is looking to diversify sources of chip production

US House to Vote on TikTok Divestment, But Senate View Unknown
US House to Vote on TikTok Divestment, But Senate View Unknown

FBI and intelligence chiefs say Chinese ownership of the app is a worry; some lawmakers think the bill will be approved, but the Senate's position is unclear

Nikkei Retreats on BoJ Bets, Property Drags on Hang Seng
China Vanke Sees Rebound on Statement, Rush for Funds
In Manila, Raimondo Promises Chip Fabs and More Curbs on China
TikTok Ban Would Help ‘Enemy of the People’ Facebook: Trump
Hang Seng Rallies on Property Stimulus, Nikkei Slips Again
China Misses 2023 Emissions Targets, ‘Climate Credibility at Risk’
Shares of China’s Xiaomi Jump on News of its First EV Launch

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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