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Latest: Asia Stock Market News

Indonesia, China to Cut Nickel Output as EV Metal Loses Sheen
Indonesia, China to Cut Nickel Output as EV Metal Loses Sheen

China and Indonesia account for 70% of global supplies of nickel, but producers in the countries have become unprofitable after the battery metal shed more than 80% of its price since last year

China in Race With West to Build Best Solid-State Battery – Nikkei
China in Race With West to Build Best Solid-State Battery – Nikkei

China has invited top car and battery makers to a new research body to try to develop a world-class battery, that bolsters its transition to electric and new energy vehicles

Every Country Must Set up AI Infrastructure, Nvidia’s Huang Says
Every Country Must Set up AI Infrastructure, Nvidia’s Huang Says

All countries should have their own AI infrastructure to reap the economic potential of artificial intelligence, and protect their culture, CEO Jensen Huang said

Altman’s AI Chips Plan Could Cost Trillions, Not Billions – WSJ
Israel’s Tower Proposes $8bn Chip Plant in India – Express
India’s JSW Planning $4.8 Billion EV, Battery Projects in Odisha
US Utility to Drop Storage Batteries from Chinese Supplier CATL
After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie
Western Investment Banks Brace for Job Cuts as China Woes Rise
US Panel Wants Investment Ban on Critical Tech Sectors in China

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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