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Latest: Asia Stock Market News

China’s Bid to ‘Cheat’ a Way to Chip Prominence is Failing: Envoy
China’s Bid to ‘Cheat’ a Way to Chip Prominence is Failing: Envoy

Taiwanese envoy in Washington says China 'cheats' and 'steals' technology, but doubts it will be able to make viable next-generation chips this year

Venture Capitalists’ Backing China Put Democracy at Risk – NYP
Venture Capitalists’ Backing China Put Democracy at Risk – NYP

Dozens of US venture capitalists who invest in Chinese tech are putting democracy at risk, as those firms are beholden to an autocratic regime, a new report says

Soaraway Nikkei Hits 34-Year High, Alibaba Drags on Hang Seng
Soaraway Nikkei Hits 34-Year High, Alibaba Drags on Hang Seng

Tokyo’s benchmark index continued its unassailable rise, boosted by BOJ’s signal on tightening, while Hong Kong was the region’s outlier

Reports of Violent Protests by North Korean Workers in China
China’s Electric Vehicle Sales Fell 37% in January from December
China Vows to Help EV Makers Expand Overseas, Fight Sanctions
China Appoints New Securities Regulator as Markets Flounder
Tesla is S&P 500’s Worst Performing Stock of 2024 – Quartz
Shanghai to Allow Faster Offshore Data Transfers for Foreign Firms
China Tech Drags on Hang Seng, Nikkei Dips Despite Auto Boost

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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