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Latest: Asia Stock Market News

Top Carmakers Continue China’s EV Price War For a Third Year
Top Carmakers Continue China’s EV Price War For a Third Year

BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable

2024 Was China’s Warmest Year Since 1961, Shanghai Roasted
2024 Was China’s Warmest Year Since 1961, Shanghai Roasted

Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty

Oil Giants Ditch Renewables, Double Down on Fossil Fuels
Oil Giants Ditch Renewables, Double Down on Fossil Fuels

Climate experts have warned that continued investments in fossil fuels will create the risk of assets worth $557 trillion being left useless by 2050

China’s ByteDance to Spend $22 Billion on Tech in 2025 – SCMP
Chinese Hackers Stole Treasury Documents, US Officials Say
China Racing to Buy Key Chip Materials From US Suppliers – Nikkei
China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages
Trump Asks US Supreme Court to Pause Law That Could Ban TikTok
China Urges Support for People in Need as Economy Slows
China’s Chipmaking Skills 10-15 Years Behind West: ASML CEO

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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