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Latest: Asia Stock Market News

China to Drive Development of AI, Robots to Boost Growth – SCMP
China to Drive Development of AI, Robots to Boost Growth – SCMP

China is changing its approach to AI amid a slowdown and debt crisis in its real estate sector — which has accounted for nearly a quarter of the country’s economic output

Former VP of China’s Biggest Bank Latest to Face Graft Probe
Former VP of China’s Biggest Bank Latest to Face Graft Probe

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of China – the world’s biggest bank by assets

China Turns Focus on Rare Earths Sector Amid Trade War with US
China Turns Focus on Rare Earths Sector Amid Trade War with US

Rare earths have emerged as particularly significant to the global clean energy transition as countries around the world race to meet their carbon emissions goals

Foxconn Says $25bn China Tax Payment ‘Rumour’ Hurt Reputation
Many Crypto Court Battles Queued up Behind Bankman-Fried
China Worries Loom as Global Finance Chiefs Meet in Hong Kong
Tech Stocks Lead Hang Seng Rally on Fed Rate Cut Bets
US And China Set to Hold Nuclear Arms Control Talks – WSJ
Dramatic Turnaround in China’s Attitude to US Chipmaker Micron
China Joins US, EU in Vow to Tackle ‘Catastrophic’ AI Harm Risk

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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