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Latest: Asia Stock Market News

New Battery Rules Cut Nissan, Tesla EVs From US Tax Credits
New Battery Rules Cut Nissan, Tesla EVs From US Tax Credits

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

Hang Seng Continues Slide, China Markets Dip on Mixed Data
Hang Seng Continues Slide, China Markets Dip on Mixed Data

A split on figures for China’s manufacturing output and the long nervous wait for a turnaround on interest rates weighed on investors

Asian Manufacturing Soft in December Amid Weak China Activity
Asian Manufacturing Soft in December Amid Weak China Activity

Factory activity slipped in South Korea, Taiwan, Malaysia and Vietnam in December, while data for China was mixed

China Tells Dutch ‘Be Impartial’ After Chip Giant’s Export Ban
Crypto Fraudster Bankman-Fried Won’t Face a Second Trial
Japanese, German Shipping Firms Still Avoiding Suez Canal
Baidu Says More Than 100 Million Using its ChatGPT-Rival Ernie
Year of Wins Propels Huawei From ‘Survival’ to $100bn Revenue
JD.com Wins $140m Anti-Monopoly Case Against Alibaba
China is Using AI to Ramp up Espionage, US Says – WSJ

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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