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Latest: Asia Stock Market News

Stellantis CEO Calls China EV Tariffs a ‘Trap’. He May Be Right
Stellantis CEO Calls China EV Tariffs a ‘Trap’. He May Be Right

Europe and the United States are on track to step up levies on imports of Chinese EVs in coming weeks, but those levies could fuel inflation, put climate goals at risk and lead to retaliation from Beijing

Higher China Tariffs Will Start on August 1, US Trade Rep Says
Higher China Tariffs Will Start on August 1, US Trade Rep Says

The new measures, which affect $18 billion of imported Chinese goods such as steel and aluminium, chips, EVs, critical minerals, solar cells and cranes, will start in August

Nikkei Slips Ahead of Nvidia Earnings, Tech Weighs on Hang Seng
Nikkei Slips Ahead of Nvidia Earnings, Tech Weighs on Hang Seng

Investors were on tenterhooks ahead of AI-star Nvidia’s latest earnings report, while eyes were also on the US Fed

Hedge Funds Build Holdings in Underpriced Chinese Equities
G7 Ministers Seek Agreement on Russian Assets, Chinese Exports
Vietnam Asks Foxconn, Others to Cut Power Use to Avert Blackouts
Alibaba, Baidu Slash Price of Language Models Used With AI Bots
US, EU Must Act Jointly on China’s Industrial Overcapacity: Yellen
Hang Seng Dips as Tech Weighs, Nikkei Drops on Rate Uncertainty
Aussie Who Said he Invented Bitcoin Lied on ‘Grand Scale’: Judge

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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