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Latest: Asia Stock Market News

Xpeng Secures Key Permit to Launch ‘Flying Car’ – TechCrunch
Xpeng Secures Key Permit to Launch ‘Flying Car’ – TechCrunch

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng Aeroht X2 to undertake a manned flight

Honda to Start Making New Hydrogen Fuel Cell System With GM
Honda to Start Making New Hydrogen Fuel Cell System With GM

With the "next-generation" system, Honda aims to bring costs down by two-thirds compared with its older fuel cell system

US Backers Like Intel, Qualcomm ‘Poured Billions’ Into China AI
US Backers Like Intel, Qualcomm ‘Poured Billions’ Into China AI

US Investments in Chinese AI companies totalled $40.2 billion from 2015 to 2021, making up for 37% of the total raised by the firms in the six-year period

Buffett-Backed Berkshire Sells $45 Million Shares in BYD
Asia Stocks Rally on US Inflation Boost But Hang Seng Slips
Indian Market Rout Intensifies After Adani Drops $2.5bn Share Sale
Tesla to Ramp Up Shanghai Output As Price Cuts Fuel Demand
South Korea Slides Toward Recession With Record Trade Deficit
Adani No Longer Asia’s Richest, Market Rout Hits $86 Billion
India, US Partner on Chips, AI and Arms to Take on China

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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