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Latest: Asia Stock Market News

India Seeks Quick Trade Deal With Trump, Offers to Slash Tariffs
India Seeks Quick Trade Deal With Trump, Offers to Slash Tariffs

The Modi government has said its will slash its tariff gap with the US to less than 4% from nearly 13% – in a bid to be exempt from Trump's tariff hikes, sources have revealed

Fear of Huge Job Losses Led to China’s Move to Discuss Tariffs
Fear of Huge Job Losses Led to China’s Move to Discuss Tariffs

Beijing has grown increasingly alarmed about the impact of US tariffs on the economy and the risk of isolation as other countries started negotiating deals with Washington

China’s Steelmakers Hit by Wave of Tariffs, Plunge in Export Orders
China’s Steelmakers Hit by Wave of Tariffs, Plunge in Export Orders

Second quarter steel shipments are expected to plunge by about 20-30% after the US imposed a 25% tariff in March and other countries involved in trans-shipment followed suit

BYD Plants Seen Generating Big Sales in Europe, South America
US to Rejig Export Curbs for AI Chips, ‘Shift to Licensing Deals’
Pakistan Worries Loom Over Foreign Investors’ $5bn India Buying Spree
US Sanctions Karen Warlord, Cambodia ‘Money Laundering Group’
China Cuts Rates, Injects Liquidity as Trade Meet With US Looms
Carbon Credit Scheme Targets Coal Plants For Early Retirement
Satellite Images Show Huawei’s Expanding Chip Facilities – FT

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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