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Latest: Asia Stock Market News

China’s BYD Beat Tesla Again in EV Sales in Q4 Last Year – SCMP
China’s BYD Beat Tesla Again in EV Sales in Q4 Last Year – SCMP

This is the second time BYD has overtaken Tesla as the world’s biggest seller of electric vehicles in a quarter

Trump Says He And China’s Xi Will Likely ‘Get Along Very Well’
Trump Says He And China’s Xi Will Likely ‘Get Along Very Well’

The incoming US president described his Chinese counterpart as a strong and powerful man, adding that they were both already communicating through aides

US-Sanctioned Oil Tankers Banned at Key Eastern China Ports
US-Sanctioned Oil Tankers Banned at Key Eastern China Ports

Shandong Port Group has blacklisted vessels sanctioned by the US, blocking access to key ports as the US looks to enlarge its list of 'shadow fleet' tankers shipping Russian oil

Overseas Investors Quit Asian Equities After Trump’s Poll Win
Tencent and CATL Shares Sink After Listing by US Defence Dept
Nippon Steel Considers Suing US After Biden Blocks $15bn Deal
Tesla Begins Making Battery Megapacks in Shanghai
Chinese Officials ‘Asked Fund Managers to Block Stock Selling’
China Scrambles to Bolster the Yuan and Sliding Markets
US Considering Restrictions, Potential Bans on Chinese Drones

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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