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Latest: Asia Stock Market News

Oil Giants Ditch Renewables, Double Down on Fossil Fuels
Oil Giants Ditch Renewables, Double Down on Fossil Fuels

Climate experts have warned that continued investments in fossil fuels will create the risk of assets worth $557 trillion being left useless by 2050

China’s ByteDance to Spend $22 Billion on Tech in 2025 – SCMP
China’s ByteDance to Spend $22 Billion on Tech in 2025 – SCMP

Researchers say the TikTok owner's planned spending on computing power 'will drive progress' in China’s artificial intelligence industry

Chinese Hackers Stole Treasury Documents, US Officials Say
Chinese Hackers Stole Treasury Documents, US Officials Say

Chinese hackers gained access to a digital key that enabled them to gain access to Treasury documents, officials said on Monday

China Racing to Buy Key Chip Materials From US Suppliers – Nikkei
China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages
Trump Asks US Supreme Court to Pause Law That Could Ban TikTok
China Urges Support for People in Need as Economy Slows
China’s Chipmaking Skills 10-15 Years Behind West: ASML CEO
Chinese Battery Giant CATL Planning to List in Hong Kong
Industries Shut Down as Iran’s Energy Crisis Gets Dire – NYT

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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