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Latest: Asia Stock Market News

Cargo Ship Carrying 3,000 Cars Ablaze Off Alaska, EV Fire Blamed
Cargo Ship Carrying 3,000 Cars Ablaze Off Alaska, EV Fire Blamed

Smoke was initially seen rising from a deck loaded with electric vehicles, the ship's owner said, after it left Yantai port in China. EV fires on ships are tough to extinguish due to the heat generated and risk of reignition

China Export Curbs on Rare Earth Magnets: a Trade War Weapon
China Export Curbs on Rare Earth Magnets: a Trade War Weapon

A licensing system set up by China for exports of rare earth magnets gives it leverage similar to America's chip export controls because of its near-monopoly on the sector.

China Sets up Tracking System to Trace Its Rare Earth Magnets
China Sets up Tracking System to Trace Its Rare Earth Magnets

China has introduced a tracking system for rare-earth magnets; producers have to submit details online on trading volumes and client names, as it looks to curb access

Shares of Australia’s Lynas Jump on China Rare-Earth Curbs Risk
New South Korean President Unlikely to Rush Into US Trade Talks
Tesla’s China-Made EV Sales Slump For Eighth Consecutive Month
Cloud on US-China Ties: Trump Says Xi ‘Hard to Make a Deal With’
Carmakers Stressed by China’s Curbs on Critical Mineral Exports
US Wants Vietnam To Cut Trade With China As Part Of Tariff Deal
North Korean Phone Appears to Monitor User’s Activity – BBC

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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