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Latest: Asia Stock Market News

US Investors in ByteDance ‘Most Likely to Win Control of TikTok’
US Investors in ByteDance ‘Most Likely to Win Control of TikTok’

White House plan entails spinning off a US entity for TikTok and diluting Chinese ownership in the unit to below the 20% level required by US law

Chinese PM Calls for Open Markets to ‘Fight Instability, Uncertainty’
Chinese PM Calls for Open Markets to ‘Fight Instability, Uncertainty’

Premier Li Qiang urges foreign business leaders to help keep their markets open, as it seeks more investment and tries to avoid a trade war

Musk Visits Pentagon, But Trump Denies ‘China War Plan Briefing’
Musk Visits Pentagon, But Trump Denies ‘China War Plan Briefing’

Musk, now leading the move to slash government spending, is meeting top military officials at Pentagon for talks which sources say may involve secret war plans

Investors Not Happy as Indonesia Eases Limits in Military Law
India Ends Manufacturing Scheme, Focuses on Slashing Tariffs
Asian Defence Stocks Soar as Europe, US Look to Re-Arm – FT
Vietnam to Allow 49% Foreign Ownership of Some Private Banks
Plan For High Port Fees on Chinese Ships Worrying US Exporters
BYD Mexico Plant in Limbo as ‘China Fears EV Tech Leaking to US’
April 2 Set as Date for Unveiling of Trump’s Reciprocal Tariffs

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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