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Latest: Asia Stock Market News

US Still Backing China Firm Providing Chips for Drones, PLA Units
US Still Backing China Firm Providing Chips for Drones, PLA Units

Brite Semiconductor is part-owned by blacklisted SMIC and services six Chinese military units but still gets access to US tech and financial support; firm is now planning an IPO in Shanghai

New Huawei Laptop Fuels Talk of Sanctions-Beating 5nm Chip
New Huawei Laptop Fuels Talk of Sanctions-Beating 5nm Chip

The laptop — dubbed the Qingyun L540 — is powered by the Kirin 9006C chip, which uses 5nm process technology, company brochures and the laptop's web listing shows

China, Vietnam Sign Rail and Data Deals, While Upgrading Ties
China, Vietnam Sign Rail and Data Deals, While Upgrading Ties

Bilateral pacts cover possible investments in rail links, security, plus telecoms and digital data, but analysts said any boost in ties could be more symbolic than real

Hang Seng Dips on Stimulus Gloom, Nikkei Lifted by Tech Boost
World Backs COP28 Deal to Reduce Use of Fossil Fuels
Huawei Eyes Western Backing for EV Firm as Sanctions Safeguard
China’s Leaders Meet to Set Growth, Stimulus Target for 2024
COP Battle Over ‘Weak’ Draft, Row Over Ending Fossil Fuels
India Leaps Hong Kong in World’s Top Stock Market List – CNBC
China’s Wanda in Deal With Investors to Avoid $4bn Repayment

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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