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Latest: Asia Stock Market News

Germany Opposes EU Tariffs on China EVs, as Trade Heat Rises
Germany Opposes EU Tariffs on China EVs, as Trade Heat Rises

The EU is set to confirm provisional tariffs on Chinese EVs on Thursday, but many states are yet to decide on whether tariffs or a negotiated solution is the better outcome

Samsung Chip Output At Risk as Workers Announce All-Out Strike
Samsung Chip Output At Risk as Workers Announce All-Out Strike

Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals in chips used for artificial intelligence

China Lawmakers Finishing Law to Set up Financial Stability Fund
China Lawmakers Finishing Law to Set up Financial Stability Fund

Beijing is working to fill a gap in its regulatory framework - on a law that will establish a fund to rescue troubled financial institutions

Indonesia Plans up to 200% Tariffs on Chinese Goods – Antara
Global Banks Slash Investment Units in China Amid Slowdown – FT
Japanese ‘Insurers to Sell $3.1 Billion of Honda Shares’
US Ban on Investment Not Good For AI Sector, China Says
US Law Firm Dechert May Shut Offices in Hong Kong, Beijing
China Stops Releasing Data Showing Lower Solar Power Utilisation
Chinese Military Scandal Seen Delaying Conflict in Taiwan, SC Sea

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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