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Latest: Asia Stock Market News

US Releases Detailed Rules For Export Curbs on AI Chips to China
US Releases Detailed Rules For Export Curbs on AI Chips to China

The 166 pages of rules note that restrictions on chip shipments to China also apply to laptops. They will take effect on Thursday

In Battle for China EV Market, Xiaomi’s ‘Thor’ Takes on Elon Musk
In Battle for China EV Market, Xiaomi’s ‘Thor’ Takes on Elon Musk

Xiaomi co-founder and CEO, Lei Jun, believes his newly launched electric sedan is a direct competitor of Tesla — both in price and capabilities

Huawei Profits Jump 144% in Fastest Growth Since US Sanctions
Huawei Profits Jump 144% in Fastest Growth Since US Sanctions

Huawei remained relatively muted about its achievement, doing away with the press conference and launch event it has held every year at least since the US restrictions began

Nikkei Boosted by Big Tech, Policy Hopes Lift China Stocks
US ‘Drawing Up List of Sanctioned Advanced Chinese Chip Fabs’
China’s Big 5 Lenders Warn of Property Risks as Margins Shrink
Chinese Biotech Giant WuXi ‘Sent US Client’s Data to Beijing’
China’s BYD Delays EV Factory; Solid-State Batteries ‘Unsafe’
Yellen: China’s Green Energy Push a Threat to Global Jobs – AP
Yen Fears Drag on Nikkei, Hang Seng Lifted by Policy Bets

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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