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Latest: Asia Stock Market News

Malaysia Tells Social Media Giants They Must Adapt to New Rules
Malaysia Tells Social Media Giants They Must Adapt to New Rules

Communications Minister Fahmi Fadzil warned on Tuesday that tech giants like Google, Meta and X must comply with local laws to continue operating in the country

‘Wealthy Nations’ Fossil Fuel Deals Threaten a Global Catastrophe’
‘Wealthy Nations’ Fossil Fuel Deals Threaten a Global Catastrophe’

UN chief Antonio Guterres says rich nations must stop signing oil and gas deals, as they risk a "worldwide catastrophe" that imperils island states and coastal cities everywhere

Samsung SDI Agrees to $3.5bn EV Battery Plant in US With GM
Samsung SDI Agrees to $3.5bn EV Battery Plant in US With GM

Samsung SDI announces deal with GM on EV battery plant in Indiana, which will aim to have an initial production capacity of 27 gigawatt hours per year

Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs
Chinese Tech Giants Pouring Cash Into AI Processors – FT
Most Effective Climate Policies Identified in New Study
Investors in Musk’s X Tied to Sanctioned Putin Allies  – Essanews
PDD Stock Plunges 28% as Revenue Hit by China Slowdown
Many US Manufacturers Don’t Want Tariff Hikes on China Imports
Ukraine’s Zelensky Urges India to Cut Russian Oil Imports – UP

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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