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Latest: Asia Stock Market News

China Vows to Hit Back at Trump’s Threat of 20% Tariffs Next Week
China Vows to Hit Back at Trump’s Threat of 20% Tariffs Next Week

Beijing defends its drug policies and vows retaliation after Trump says he'll impose an extra 10% tariff for insufficient progress on curbing the flow of fentanyl

Thailand Discussing Trade-in Scheme to Revive Car Sector
Thailand Discussing Trade-in Scheme to Revive Car Sector

Carmakers such as Toyota have been discussing 'End of Life vehicle schemes' with Thai officials to reduce old cars to help lift the sector out of a slump

Trump’s Steel Tariff to Hit Chinese Supply Lines via Other Nations
Trump’s Steel Tariff to Hit Chinese Supply Lines via Other Nations

Sales of $7 billion worth of Chinese steel, processed by third countries and sold to the US, are at risk because of a wave of tariffs imposed by the US and many other countries

Notorious North Korean Hackers Blamed for $1.5bn ByBit Heist
Chinese Ships May Face a Hefty Fee to Enter US Ports
US Chip Policy Upheaval Has Asian Chip Giants on Tenterhooks

Japanese Carmakers Want Government Help to Negate US Tariffs
Singapore Bank to Cut 4,000 Roles as Use of AI Rises – BBC
China Tech Giants Lift Nvidia Chip Orders Amid Trump Curbs Talk
Shein’s Annual Profit Plunges by Nearly 40%, FT Says

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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