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Latest: Asia Stock Market News

China Planning to Put AI Data Centres in Space Over Next 5 Years
China Planning to Put AI Data Centres in Space Over Next 5 Years

The plan comes at a time when Elon Musk-led SpaceX expects to use funds from its planned $25 billion blockbuster IPO this year to develop orbital AI data centres

Top Court Scraps Hong Kong Firm’s Panama Ports Concession
Top Court Scraps Hong Kong Firm’s Panama Ports Concession

Panama's Supreme Court has ended a concession to a subsidiary of CK Hutchison to operate two ports on the Canal. The verdict has upset officials in Beijing and Hong Kong

‘Ghost Tankers’ From Iran Ferried Jet Fuel to Myanmar Airforce
‘Ghost Tankers’ From Iran Ferried Jet Fuel to Myanmar Airforce

Multiple shipments of jet fuel by Iran's 'shadow fleet' have helped Myanmar ramp up aerial attacks on rebel groups over the past 18 months, new reports say

Chipmakers Say Not Enough Chips for PCs, Phones Amid AI Priority
Members of Notorious Myanmar Scam Mafia Executed in China
ByteDance, Alibaba Get Beijing Nod to Buy Nvidia’s H200 Chips
Chip Giant SK Hynix’s Profit Soars, to Invest $10bn in US
American Users Ditch TikTok US Over Privacy, Censorship Fears
Giant EU-India Trade Deal Finalised, Modi Says
Seoul Vows to Act on US Investments, After New Tariff Threat

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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