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Latest: Asia Stock Market News

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
BYD Plants Seen Generating Big Sales in Europe, South America

China's most successful carmaker is eyeing major growth from plants it is building in Europe and South America, and hopes to have half its sales overseas by 2030

US to Rejig Export Curbs for AI Chips, ‘Shift to Licensing Deals’
US to Rejig Export Curbs for AI Chips, ‘Shift to Licensing Deals’

Trump administration officials are looking to dump the tiered approach to access to advanced chips and shift to a global licensing regime with government-to-government agreements, sources say

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
Shein, Temu Go Aggressive on Europe Expansion as US Tariffs Hit
US Lawmakers Push Location-Tracking For High Powered AI Chips

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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