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Latest: Asia Stock Market News

Microsoft Dismisses Dangerous AI Worry, Says Tech Decades Away
Microsoft Dismisses Dangerous AI Worry, Says Tech Decades Away

Dismissing claims of a 'dangerous breakthrough' at OpenAI, Microsoft President Brad Smith said a breakthrough in super-intelligent AI was not likely this year

China Lithium Prices to Tank in 2024 Amid Global Supply Surge
China Lithium Prices to Tank in 2024 Amid Global Supply Surge

Prices of the key EV battery metal have already tumbled close to 80% this year with supply outpacing the rise in demand

Two Executives From China’s Zhongzhi Missing After Collapse
Two Executives From China’s Zhongzhi Missing After Collapse

Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion

Tech Drags on Nikkei, China Data Weighs on Hang Seng
Tata Tech Unit Valued at $6.4bn in Bumper Trading Debut
China Investment Curbs May Not be Part of Key US Defence Bill
China Bank Tells Staff: Avoid Bad News and Luxury Goods
Hope for Early Deal on Climate Damage Fund as COP28 Opens
US Treasury Seen Limiting Chinese Role in EV Market – WSJ
Nikkei Lifted by Rates Hopes, Hang Seng Up Despite China Data

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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