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Latest: Asia Stock Market News

Musk’s xAI Valued at $24 Billion After New Funding Push
Musk’s xAI Valued at $24 Billion After New Funding Push

The artificial intelligence startup will use the cash to bring xAI's first products to market, build new infrastructure and accelerate its R&D

China Evergrande EV Unit Stocks Turbocharged by Liquidator Deal
China Evergrande EV Unit Stocks Turbocharged by Liquidator Deal

Shares of the crisis-hit real estate giant’s electric vehicle unit soared by as much as 113% in Hong Kong

As Indian Polls Near End, Investors Prepare For All Outcomes
As Indian Polls Near End, Investors Prepare For All Outcomes

While until a few months ago incumbent PM Modi seemed sure to win a large majority, voter fatigue and a resurgent opposition may spring a surprise on investors

China Unveils Video of Simulated Invasion of Taiwan
Nikkei Rallies on Bond Boost, Hang Seng Gains on Profits Lift
China Central Bank’s Bond Trading Goal Hit by ‘Asset Famine’
China’s Third Chip Fund Gets $47 Billion to Boost Output
South Korea to Resume Talks With China on Trade Deal, Security
Musk Wants a ‘GigaComputer’ For xAI ChatBot: The Information
Activists Urge US to Shut Hong Kong Trade Offices – RFA

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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