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Latest: Asia Stock Market News

Dozens of Countries Hit With Steep US Tariffs, But Some Feel Relief
Dozens of Countries Hit With Steep US Tariffs, But Some Feel Relief

After announcing a 25% tariff on Indian imports, Trump posted stinging remarks on social media about its high tariffs and slandering its "dead economy". Other countries in the Asia-Pacific fared much better.

Cadence and Nvidia Dealings in China Drawing Close Scrutiny
Cadence and Nvidia Dealings in China Drawing Close Scrutiny

Nvidia says there are 'no backdoors' in its chips, days after news emerged that Cadence paid $140m to settle US charges it sold goods to a Chinese university simulating nuclear bombs

Trump Says India Will Face 25% Tariff, Penalty From August 1
Trump Says India Will Face 25% Tariff, Penalty From August 1

India’s rupee slumped to its lowest level in five months on fears that the country could face steeper tariffs

Tariffs Spur Big Tesla Deals With LGES Batteries, Samsung Chips
China’s Leaders Keen to End Vicious Price Wars, Curb Deflation
Huge Quake Off Russian Far East Puts Japan, Asia Pacific on Alert
Trump Says He’ll Go To China — But ‘Only If Xi Invites Him’
At Least 30 Dead After Huge Downpour in Beijing’s ‘Rain Trap’
Hong Kong May Issue Stablecoin Licences in 2026, HKMA Says
Chinese AI Firms, Chipmakers Form Alliance To Ditch Foreign Tech

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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