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Latest: Asia Stock Market News

US Ends Chip Waiver For TSMC To Supply Its Chinese Fabs
US Ends Chip Waiver For TSMC To Supply Its Chinese Fabs

The Donald Trump administration is revoking Biden-era waivers granted to TSMC and South Korean chipmakers to ship critical supplies to their Chinese fabs — a move that some say is a ‘gift’ to Beijing

BYD Cuts Production 2 Months In A Row For First Time In 5 Years
BYD Cuts Production 2 Months In A Row For First Time In 5 Years

A drop in production, sales and profits reflect how pressure to stay competitive is beginning to take a toll on BYD

Chinese Miner Accused of Cover-up of Big Toxic Spill in Africa – AP
Chinese Miner Accused of Cover-up of Big Toxic Spill in Africa – AP

The collapse of a tailings dam at a mine in Zambia run by Sino Metals led to a torrent of toxic material flowing into the Kafue river, creating an environmental disaster

India’s Modi Joins Xi-Putin Push For Global South-Led World Order
India to Overhaul its GST, Slash Levies on Small Cars, Electronics
Prabowo Cuts Lawmakers’ Benefits After Riots in Indonesia
Indian Billionaire Ambani Plans Huge Reliance Jio IPO in Mid-2026
Top Court Dismisses Thai PM Paetongtarn for Ethical Breaches
Putin Seen Seeking More Help From Xi to Curb Russian Trade Fall
Japan Wants Issues Sorted Before Trade Rep Seals Big Tariff Deal

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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