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Latest: Asia Stock Market News

US Begins Reviewing Licences For Sale of H200 Chips to China
US Begins Reviewing Licences For Sale of H200 Chips to China

The review process, once complete could result in the first shipments to China of Nvidia's second-most powerful AI chips

Japan Repeats No-Nukes Pledge After Weapons Idea Floated
Japan Repeats No-Nukes Pledge After Weapons Idea Floated

Government stands by its no-nukes pledge after an unnamed security official suggested the country should have such weapons to deter aggressors. Japan has been intimidated by three nuclear-armed neighbours.

10-Year Bonds Soar, Nikkei Rises, Yen Slides as BOJ Hikes Rate
10-Year Bonds Soar, Nikkei Rises, Yen Slides as BOJ Hikes Rate

The Bank of Japan lifted interest rates to a three-decade high on Friday, which caused the yield of 10-year government bonds to jump to a 26-year peak. Meanwhile, MUFG bought a 20% stake in an Indian non-bank lender

China’s Bytedance Signs JV Deal on Operation of TikTok in US
Shares of Korean Battery Firms Sink Amid Global EV Uncertainty
China’s Big Tech Secret: Lab Copied Dutch Chipmaking Machine
Bumper IPO by Another China Chip Firm Raises Hype Worry
Fitch Downgrades China Vanke Amid Heightened Default Risk
India’s US Exports Jump 22%, Easing Pressure to Reach Tariff Deal
Meta Tolerates Billions in Chinese Scam and Fraud Ad Revenue

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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