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Latest: Asia Stock Market News

Biden Ramps US Tariffs on Chinese EVs, Metals, PV Cells, Chips
Biden Ramps US Tariffs on Chinese EVs, Metals, PV Cells, Chips

New measures will affect $18 billion in Chinese imports such as steel and aluminium, 'legacy' chips, batteries, critical minerals, solar cells, cranes and syringes

Nikkei Gains on US Inflation Hopes, Tariffs Weigh on Hang Seng
Nikkei Gains on US Inflation Hopes, Tariffs Weigh on Hang Seng

Investors were on edge ahead of the latest US inflation data while China stocks retreated in the face of more trade curbs from Washington

US Orders Chinese Crypto Firm to Sell Land Near Missile Base
US Orders Chinese Crypto Firm to Sell Land Near Missile Base

White House move comes amid concern that the firm, which uses foreign tech for crypto mining, may be involved in spying on the base, which houses US nuclear missile silos

Double or Quadruple, Biden Tariffs Won’t Really Hurt China
US And China Set to Discuss AI Risks at Geneva Meeting
China’s ICBC to Sell $4bn of Total-Loss-Absorbing-Capacity Bonds
Nikkei Dips On Earnings Caution, Hang Seng Gains on Policy Bets
ANZ Bank Facing Probe over Issuance of Treasury Bonds
Shein Looking to File For IPO in London as US Plans in Limbo
South Korea to Announce $7 Billion Package For Chip Industry

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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