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Latest: Asia Stock Market News

Evergrande’s Fall Weighs on Hang Seng, Tech Boost Lifts Nikkei
Evergrande’s Fall Weighs on Hang Seng, Tech Boost Lifts Nikkei

The court-ordered liquidation of the Chinese real estate giant brought the mood down on China and Hong Kong's trading floors

Teradyne Pulled $1bn of Chip Testing Equipment Out of China
Teradyne Pulled $1bn of Chip Testing Equipment Out of China

US firm that makes chip testing equipment pulled gear worth $1 billion out of China last year after deciding it was 'too risky' to stay amid supply chain and other issues

US Lawmakers Seek Probe Into China Firms in Ford Battery Plant
US Lawmakers Seek Probe Into China Firms in Ford Battery Plant

The heads of two House committees said the four companies have direct ties to the Chinese military, Chinese Communist Party, plus the North Korean government and alleged rights abuses in China's Xinjiang region

China Factory Activity Set to Fall Again But at Slower Rate
China Ups Approvals for Public AI Models in Race to Rival US
Hedge Funds Snapped up China Stocks at Rapid Pace – Goldman
Firm Smuggled 53,000 Banned US Chips to China – BusinessKorea
Hang Seng Lifted by Energy Stocks, Nikkei Gains on Weaker Yen
Court Orders China Evergrande Liquidation to Pay its $300bn Debts
Canon Says New ‘Stamp’ Machine Will Slash Chipmaking Costs – FT

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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