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Latest: Asia Stock Market News

China’s BYD in Talks on Mexico Factory for Exports to US – Nikkei
China’s BYD in Talks on Mexico Factory for Exports to US – Nikkei

Chinese carmaker is doing a study on building a factory in Mexico, which would export cheap EVs to the US; other plants are also opening or planned in Thailand, Hungary and Brazil

Deepfake of Dead Indonesian Leader Used in Vote Appeal – CNN
Deepfake of Dead Indonesian Leader Used in Vote Appeal – CNN

A senior Golkar party official said they used the image of the dictator Suharto, who died 15 years ago, to ensure Indonesians vote in the national election on Wednesday

India’s High Taxes Will Crush Export Goals, Tech Ministry Warns
India’s High Taxes Will Crush Export Goals, Tech Ministry Warns

Writing to the finance ministry, deputy IT Minister Rajeev Chandrasekhar said India's high production costs were pushing smartphone companies to shift production to Vietnam, Mexico and Thailand

Nikkei Nears Record Peak, Calm in Asia Before US Inflation Data
Top Execs at Toyota’s Daihatsu Bow Out Over Safety-Test Scandal
EU Looking to Sanction Chinese, India, HK Firms Over Russia Ties
India Hits New High on Key MSCI Index as China Slides
Asia Trade Thin With Nikkei, Hang Seng, Others on Holiday
Indonesia, China to Cut Nickel Output as EV Metal Loses Sheen
China in Race With West to Build Best Solid-State Battery – Nikkei

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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