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Latest: Asia Stock Market News

After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie
After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie

Research firm Canalys expects that 5% of smartphones shipped globally in 2024, or 60 million smartphones will be AI-capable

Western Investment Banks Brace for Job Cuts as China Woes Rise
Western Investment Banks Brace for Job Cuts as China Woes Rise

Bankers and recruitment agencies said staff cuts that began in late last year on the Chinese mainland and Hong Kong will gather pace in the coming months

US Panel Wants Investment Ban on Critical Tech Sectors in China
US Panel Wants Investment Ban on Critical Tech Sectors in China

House panel's report recommends that further “robust” restrictions be imposed to curb US investment in key tech sectors that China wants to dominate

Nikkei Retreats After New 34-Year Peak, Hang Seng Slips
China Stocks See Best Week in a Year Despite Downcast Economy
China’s Bid to ‘Cheat’ a Way to Chip Prominence is Failing: Envoy
Venture Capitalists’ Backing China Put Democracy at Risk – NYP
Soaraway Nikkei Hits 34-Year High, Alibaba Drags on Hang Seng
Reports of Violent Protests by North Korean Workers in China
China’s Electric Vehicle Sales Fell 37% in January from December

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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