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Latest: Asia Stock Market News

China Says it Will Strengthen Chip Ties With South Korea
China Says it Will Strengthen Chip Ties With South Korea

South Korea is in the crosshairs of a tit-for-tat row between China and the United States over semiconductors

Hyundai, LG Eye $4.3bn US Battery Plant in EV Tax Credit Push
Hyundai, LG Eye $4.3bn US Battery Plant in EV Tax Credit Push

The battery plant, set to built in the state of Georgia, will have an annual production capacity of 30 gigawatt-hours, enough for 300,000 EVs, the battery giants said

VinFast Recalls First Batch of EVs in US Over Dashboard Risk
VinFast Recalls First Batch of EVs in US Over Dashboard Risk

The Vietnamese EV-maker said it was not aware of any incidents, and that it was issuing the recall "out of an abundance of caution"

Patriotic Buyers Pump China Stocks Hit by US, Japan Sanctions
US, China Ministers Hold ‘Candid’ Talks on Trade Concerns
US Risks ‘Enormous Damage’ With China Chip War: Nvidia CEO – FT
Top Officials Set to Meet as US Looks Beyond China Micron Ban
China’s $1.5trln Brokerage Sector Set For More Pain – SCMP
Shipments of Russian Gold to UAE Soar Since Ukraine War
Debt Ceiling Fears Send Hang Seng, Asia Stocks Down

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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