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Latest: Asia Stock Market News

US May Deny China, Russia Access to Advanced AI Models
US May Deny China, Russia Access to Advanced AI Models

US officials are looking to restrict the export of closed source AI models to China, Russia and other rivals, sources say, but there is uncertainty on the regulatory set-up it seeks to impose

US Warns it Could Ban Connected Chinese Electric Vehicles
US Warns it Could Ban Connected Chinese Electric Vehicles

Commerce Secretary said: "We could take extreme action, which is to say 'No Chinese connected vehicles in the United States' or look for mitigation," including safeguards, guardrails or other requirements."

Over 130 Firms Drop IPO Plans as China Ramps up Scrutiny
Over 130 Firms Drop IPO Plans as China Ramps up Scrutiny

The draconian vetting process has fanned concerns about challenges for corporate fundraising in a slowing economy and the country back-pedalling on market-oriented reforms

Musk Offered to Launch Robotaxis in China for FSD Approval
Nikkei Slips on Rates Uncertainty, Property Drags on Hang Seng
TikTok, Bytedance File Legal Challenge Against Divestment Law
US Scraps Chipmakers’ Export Licences to Sell to China’s Huawei
Apple Working With TSMC to Make its Own AI Chips: WSJ
Nikkei Leads Asian Stocks Higher, But Hang Seng Dips; FX Down
China’s Zeekr to Close $368 Million New York IPO Early

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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