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Latest: Asia Stock Market News

Huawei, SMIC Set to Defy US Sanctions With 5nm Chips: FT
Huawei, SMIC Set to Defy US Sanctions With 5nm Chips: FT

The 5nm tech will be used to produce chips for Huawei's new smartphones, and, if successful, could also be used for its AI chips

Death Penalty For Corrupt Former China Banks Boss – CD
Death Penalty For Corrupt Former China Banks Boss – CD

The one-time China Merchants Bank president saw his sentence reprieved and will serve up to seven years in prison for bribery and insider trading

US Treasury Team Flies to China to Discuss Subsidies, Policies
US Treasury Team Flies to China to Discuss Subsidies, Policies

A key topic of the US-China Economic Working Group's talks will be China's subsidies, which the US says encourage overproduction of goods with the potential to flood global markets

China, Hong Kong Stocks Surge on Policy Boosts; Nikkei Slips
Brokers in China Seen Restricting Cross-Border Stock Trades
Freezing Weather Disrupts New Year Trips Home by Millions of Chinese
China’s Small Exporters Being Crushed by Falling Prices
Huawei Smartphone Output Hit, As Demand Soars For AI Chips
Hang Seng Dips on Gloomy China Outlook, Weak Yen Lifts Nikkei
Critics Say China’s ‘National Team’ Can’t Fix Its Sinking Markets

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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