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Latest: Asia Stock Market News

US Wants ASML to ‘Cut Servicing to Some Chinese Chipmakers’
US Wants ASML to ‘Cut Servicing to Some Chinese Chipmakers’

Sources say the Biden Administration plans to press the Dutch government and bosses of the lithography giant next week to reduce the servicing of its machines at some sites in China

Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound
Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound

The key driver of the profit growth would be Samsung’s chip division, which is expected to report its first quarterly profit in five quarters

Saudi Aramco, Gazprom, Coal India Named as Top CO2 Polluters
Saudi Aramco, Gazprom, Coal India Named as Top CO2 Polluters

The three state entities were among 57 fossil fuel and cement producers responsible for the bulk of the world's CO2 emissions since 2016, researchers said on Thursday

Nikkei Lifted by Weak Yen, Profit-Taking as Asia Shares Rally
Syngenta Pulled $9bn Shanghai IPO After ‘Beijing Pressure’
Indian Stocks Miss Out On Traditional Pre-Election Rally
US Yields Drag on Nikkei, Hang Seng Drops on Quake Chip Fears
China’s Solar Sector Seen Facing Years of Oversupply, Low Prices
‘Unhinged’ Musk ‘Driving Away Potential Tesla Buyers’ – Reuters
UN Urges Global Effort to Counter Waste Trafficking to Asia

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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