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Latest: Asia Stock Market News

Biden, Xi Will Vow to Ban AI in Nuclear Weapons, Drones – SCMP
Biden, Xi Will Vow to Ban AI in Nuclear Weapons, Drones – SCMP

The Biden-Xi summit in San Francisco is likely to see a pledge to ban AI in nuclear weapons and autonomous weapons, sources have told the South China Morning Post

Kishida-Xi Talks May Touch on Arrests Killing Bilateral Business
Kishida-Xi Talks May Touch on Arrests Killing Bilateral Business

The arrest of a prominent Japanese executive in China has caused a chill in dealings; Japanese investment has plunged this year and many Japanese are too scared to even work in the country

China’s Top Bank Paid Ransom After Cyber Attack, Gang Says
China’s Top Bank Paid Ransom After Cyber Attack, Gang Says

Notorious hacking gang Lockbit claims the Industrial and Commercial Bank of China paid a ransom to resolve the attack on the bank's unit in the United States

China’s Didi Posts Quarterly Profit as Comeback Continues
China’s Focus on High-Tech Manufacturing Spurs Trade Fears
Hang Seng Gains, Nikkei Flat as China Fears, Earnings Distract
Biden Keen to Resume Military Ties With China to Avoid Flare-ups
Chinese Chipmaker Sues Micron For Alleged Patent Infringements
Livent Starts Push for $10.6bn Merger to Create Lithium Giant
‘Serious’ Cyber Attack Halts Work at Four Australian Ports

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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