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Latest: Asia Stock Market News

Pony.ai to Run Fully Driverless Robotaxis in China’s Guangzhou
Pony.ai to Run Fully Driverless Robotaxis in China’s Guangzhou

Pony.ai started driverless testing in Guangzhou in June 2021 and has accumulated nearly 200,000 fee-charging robotaxi orders globally as of this month

Micron Probe Fuels Fears of US Businesses in China
Micron Probe Fuels Fears of US Businesses in China

The probe suggests other companies or industries could be singled out by Beijing based on unclear suspicions, AmCham China said

Nikkei Slips on Banking Fears, Hang Seng Lifted by Tech Boost
Nikkei Slips on Banking Fears, Hang Seng Lifted by Tech Boost

The First Republic Bank’s woes troubled investors while positive news from Google and Microsoft boosted sentiment in tech-heavy Hong Kong

Hyundai, Samsung to Pour Billions in US to Make EV Batteries
Nikkei Gains But Hang Seng, China Shares Drop on Recovery Fears
China Asks Banks to Cut Deposit Rates Again to Boost Spending
YMTC Working to Make Advanced Chips With Local Tech – SCMP
China ‘Needs to Fix its Electricity Grid, Not More Coal Power’
South Korea Asked Not to Fill Chip Gap if China Bans Micron
Asia Markets On Edge Ahead of Big Tech Earnings, Data Releases

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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