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Latest: Asia Stock Market News

China Sues EU Over EV Tariffs But Trade War Unlikely
China Sues EU Over EV Tariffs But Trade War Unlikely

Despite stalled talks between both the sides, it is unlikely that Beijing would want to torpedo its ties with the EU given its trade with the US is already hurt by geopolitics

Meta Hit With $15m Fine From South Korean Data Watchdog
Meta Hit With $15m Fine From South Korean Data Watchdog

US tech giant got information from 980,000 Korean Facebook users on sensitive issues without permission, watchdog says; Group's plan for an AI data centre in the US also suffered a setback

US Chipmaker Fined $500,000 for Chips Sent to China – NYT
US Chipmaker Fined $500,000 for Chips Sent to China – NYT

US chipmaker GlobalFoundries has been fined by Washington for shipping chips to a banned Chinese supplier

BYD Rides High After Tesla Sales Takeover and Bumper October
Asian Car, Tech Giants Racing to Develop Solid State Batteries
Chinese Solar Firms Shift Bases in SE Asia to Avoid US Tariffs
Chinese Manufacturing Edged up in October, Caixin Says
China Researchers Made AI Tool For Military Use Via Meta’s Model
Temu Faces EU Probe Into Rogue Traders, Illegal Goods
Asian Economies at Risk From Inaction on Climate Change: ADB

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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