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Latest: Asia Stock Market News

TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs
TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs

The Joe Biden Administration is expected to begin handing out subsidies to top semiconductor companies in the coming weeks, according to a WSJ report

Singapore-Bound Oil Tanker Hit as Red Sea Tensions Escalate
Singapore-Bound Oil Tanker Hit as Red Sea Tensions Escalate

The strike marks a serious escalation of attacks by Houthi militants given they have, so far, primarily targeted container vessels moving through the Red Sea

Investor Fever Sees Chinese US Stocks Fund Halt Trading
Investor Fever Sees Chinese US Stocks Fund Halt Trading

In a move intended to protect investors, trading was fully suspended after a one-hour pause in the morning failed to reduce hefty price premiums

US Chip Firms Looking to Invest $8bn in Vietnam, Official Says
As Suez Canal Trade Tanks, China Warns Iran on Red Sea Attacks
China Equity Funds See Biggest Weekly Inflow in Years – BofA
Nikkei Dips on Tech Slump, Stimulus Doubts Drag on Hang Seng
China Evergrande Facing Potential Wind-up Hearing on Monday
China EV Firms Can Destroy Rivals Without Trade Barriers: Musk
Bid to Help China Property Groups Lifts Shares ‘But May Not Work’

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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