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Latest: Asia Stock Market News

Musk Offered to Launch Robotaxis in China for FSD Approval
Musk Offered to Launch Robotaxis in China for FSD Approval

Before a full FSD rollout, Tesla still needs Chinese approval to collect and transfer data that Tesla's cars need to train its driver-assistance features

Nikkei Slips on Rates Uncertainty, Property Drags on Hang Seng
Nikkei Slips on Rates Uncertainty, Property Drags on Hang Seng

Mixed cues from US Fed chiefs on their interest rate plans, bets on BoJ intervention to prop up a sliding yen and China’s real estate woes all weighed on investors

TikTok, Bytedance File Legal Challenge Against Divestment Law
TikTok, Bytedance File Legal Challenge Against Divestment Law

China tech giants file a suit in a Federal Court in Washington DC, saying the divestment law violates the US Constitution on a number of grounds, such as free speech

US Scraps Chipmakers’ Export Licences to Sell to China’s Huawei
Apple Working With TSMC to Make its Own AI Chips: WSJ
Nikkei Leads Asian Stocks Higher, But Hang Seng Dips; FX Down
China’s Zeekr to Close $368 Million New York IPO Early
Asian Markets Lose $2.5 Billion as Outflows Continue in April
Cambodian Plan For China-Funded Mekong Canal Worries Hanoi
Warren Buffett Likens AI to the Atomic Bomb — Quartz

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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