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Latest: Asia Stock Market News

India’s Push For Tariffs on Data Transfers Alarms Chip Giants
India’s Push For Tariffs on Data Transfers Alarms Chip Giants

Tariffs on an innumerable number of transfers of chip design data across countries, would raise chipmaking costs and worsen chip shortages, a semiconductor consortium warned India

Nvidia Calls Huawei Top Rival Amid New AI Chips Push in China
Nvidia Calls Huawei Top Rival Amid New AI Chips Push in China

Chinese cloud firms have previously told Nvidia they don’t want its slower AI chips and that they would prefer using homegrown chips from companies such as Huawei

Hang Seng Dips as Tech Drags, China Stocks Extend Winning Run
Hang Seng Dips as Tech Drags, China Stocks Extend Winning Run

Investor attention was split on Friday with bets on the AI revolution competing for attention with China’s sketchy recovery

China Quant Fund Apologises After Dumping Local Stocks – SCMP
Creditors Set to Sue State Shareholder of Chinese Developer
US Charges Yakuza Man Over Nuclear Materials From Myanmar
Hang Seng Rides Nvidia Wave as Nikkei Scales New Heights
Euphoria in Japan as Nikkei Surges to a Record High
SMIC, Huawei Big Winners as China Ramps Up Chip Funding
Generative AI Seen Having Big Impacts on Environment – Nature

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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