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Latest: Asia Stock Market News

Chinese Electric Vehicles Selling Well in Non-Tariff Norway
Chinese Electric Vehicles Selling Well in Non-Tariff Norway

Unlike the European Union and the United States, Norway does not impose tariffs on Chinese electric vehicles

Top Carmakers Continue China’s EV Price War For a Third Year
Top Carmakers Continue China’s EV Price War For a Third Year

BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable

2024 Was China’s Warmest Year Since 1961, Shanghai Roasted
2024 Was China’s Warmest Year Since 1961, Shanghai Roasted

Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty

Oil Giants Ditch Renewables, Double Down on Fossil Fuels
China’s ByteDance to Spend $22 Billion on Tech in 2025 – SCMP
Chinese Hackers Stole Treasury Documents, US Officials Say
China Racing to Buy Key Chip Materials From US Suppliers – Nikkei
China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages
Trump Asks US Supreme Court to Pause Law That Could Ban TikTok
China Urges Support for People in Need as Economy Slows

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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