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Latest: Asia Stock Market News

Tencent and CATL Shares Sink After Listing by US Defence Dept
Tencent and CATL Shares Sink After Listing by US Defence Dept

Chinese tech giant and biggest battery maker say the move is 'clearly a mistake' as they are not military firms, or suppliers or engaged in military-related activities. They could sue the Pentagon.

Nippon Steel Considers Suing US After Biden Blocks $15bn Deal
Nippon Steel Considers Suing US After Biden Blocks $15bn Deal

Japan's top steel maker said the US government's reviewing process and the decisions over its acquisition proposal for US Steel did not seem properly handled

Tesla Begins Making Battery Megapacks in Shanghai
Tesla Begins Making Battery Megapacks in Shanghai

The Shanghai Megapack facility, completed in December, is projected to produce about 10,000 Megapack units a year – 40 GWh of annual capacity.

Chinese Officials ‘Asked Fund Managers to Block Stock Selling’
China Scrambles to Bolster the Yuan and Sliding Markets
US Considering Restrictions, Potential Bans on Chinese Drones
Australian Law Seeks to Curb Multinational Tax Avoidance – ABC
Tesla Sees Record Year in China Despite First Global Sales Slump
Millions of China’s State Workers Get Pay Rise to Lift Economy
China Ponders Export Curbs on Lithium Tech, EV Batteries

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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