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Latest: Asia Stock Market News

Tesla’s Mighty Profits Eat Into Asian Rivals in EV Price War
Tesla’s Mighty Profits Eat Into Asian Rivals in EV Price War

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

Taiwan Fines Foxconn T$10 Million Over China Investment
Taiwan Fines Foxconn T$10 Million Over China Investment

Taiwan’s Economy Ministry said that while Foxconn had breached regulations, there was no concern about an ‘outflow of technology’

Nikkei, Hang Seng Advance on China Bounceback Hopes
Nikkei, Hang Seng Advance on China Bounceback Hopes

Investor mood was boosted by Beijing’s claims it was winning its war with Covid but fears of a global slowdown continue to cast a shadow

Investors Shift Focus to Yen After BOJ Defies Expectations
JPMorgan, Standard Chartered Allowed to Expand in China
China to Stick to Benchmark Lending Rate But Cuts to Come
Japan’s Car, Chip Exports To China Slump, Fuel Slowdown Fears
Nikkei, Hang Seng Slip on Yen Rally, Global Recession Fears
VinFast Plans Promotions in Response to Tesla EV Price Cuts
Musk’s Tesla Video Touting Self-Driving ‘Was Staged’ – Reuters

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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