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Latest: Asia Stock Market News

Trump’s Plan to Kill EV Tax Credits ‘Could Benefit China’
Trump’s Plan to Kill EV Tax Credits ‘Could Benefit China’

The tax credit rules were aimed at lowering the US’ reliance on China's supply chains and could hurt America's hope of becoming a 'global leader' in electric vehicles, critics say

China’s Country Garden Has ‘Given Debt Rejig Plan to Creditors’
China’s Country Garden Has ‘Given Debt Rejig Plan to Creditors’

Sources say the country's biggest developer has given a revised debt-restructuring plan to some foreign creditors; it had total debt of close to $190 billion last year

Tata ‘to Take Majority Stake in Pegatron iPhone Plant in India’
Tata ‘to Take Majority Stake in Pegatron iPhone Plant in India’

Tata will hold 60% of the Indian JV and run daily operations, while Pegatron will hold the rest and provide technical support, sources say

Biden, Xi Agree Humans, Not AI, Must Make Decisions on Nukes
COP29: What Will Donald Trump Mean For Global Carbon Markets?
US Signs Off on $6.6bn Chips Deal With TSMC, Others Coming
Elon Musk Said to Back Trump’s Plan to Kill Biden’s EV Tax Credit
Xi Jinping Opens Chinese Port in Peru on Way to APEC, G20
Conflicts of Interest Shroud Musk’s New ‘Cost Cutter’ Role – AP
Climate Startup Raises $32m to Bury Carbon Waste in Wells

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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