Kospi sinks 10.8% as AI chip sell-off slams Samsung, SK Hynix
What's new: The rout spread across Asia after a report said a Chinese firm had begun mass-producing DUV lithography tools.
Subject
#Asml
Asian stocks climb, Brent drops 7% as US-Iran tensions ease
What's next: Investors now turn to the Fed and Big Tech earnings after lower oil prices eased fresh inflation fears.
Netherlands presses US to drop ASML chip curbs tied to China
Why it matters: China made up 19% of ASML's first-quarter net system sales, and the bill could widen limits to immersion DUV tools.
US presses ASML over fears a banned chip tool reached China
What's new: ASML denied any EUV machine or specially designed EUV parts were ever shipped to China.
ASML trims planned 1,700 job cuts after union negotiations
What's new: layoffs now cannot take effect before May 1, and affected staff will have until May 2027 to seek other roles.