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Latest: Asia Stock Market News

Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge
Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge

Musk's admission that he could oversee US government cost-cutting for another year, despite 'great difficulty' also heading Tesla, spurred a 15% fall in its share price on Monday

China Investors Buy Up Stakes Worth $30m in Musk’s Firms: FT
China Investors Buy Up Stakes Worth $30m in Musk’s Firms: FT

Wealthy Chinese are investing in Musk’s businesses, despite deteriorating ties between Beijing and Washington, by using an arrangement that hides their identities

Fossil Fuels Are OK, US Energy Secretary Tells Africans – NYT
Fossil Fuels Are OK, US Energy Secretary Tells Africans – NYT

Chris Wright said climate change was “real,” the report said, but reckoned it wouldn’t make a list of his top 10 problems the world faces

Four US Groups Seeking to Buy TikTok, Trump Says
China’s Tariffs ‘a Warning to Canada Not to Widen Trade War’
Toyota Unveils Bozhi 3X in China, a Cheap Advanced Smart EV
China’s Trade Drops in First Two Months Even Before Tariffs Hit
Trump Plan to Revive US Shipbuilding, Cut Chinese Grip on Sector
Vietnam, Thailand Among Asian Exporters at Risk of US Tariffs
Tanking Tesla Sales Risk its Carbon Credits Earnings – Politico

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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