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Latest: Asia Stock Market News

Broadcom Designing an AI Chip For China’s ByteDance: Sources
Broadcom Designing an AI Chip For China’s ByteDance: Sources

The 5nm application-specific integrated chip would be compliant with US export rules, sources say, with production by TSMC likely next year

Deadly Blaze at South Korean Battery Plant Highlights Fire Risks
Deadly Blaze at South Korean Battery Plant Highlights Fire Risks

Fire and rescue service personnel said 22 people - most of them Chinese workers – were killed when the factory exploded in an industrial area near Hwaseong

EU And China Agree to Negotiations on EV Tariffs, Minister Says
EU And China Agree to Negotiations on EV Tariffs, Minister Says

The EU and Beijing will discuss tariffs imposed on Chinese EVs, following a visit by Germany's economy minister, who had "very open" and "blunt" exchanges with his counterparts

China EV-Makers Eat Into Japan, Korea’s Markets in SE Asia
Hundreds Die in Extreme Heat at Haj, Millions Swelter Across Asia
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows
India Refusing to Restart Direct Passenger Flights With China
US, China Hold Informal Nuclear Talks, Discuss Taiwan

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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