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Latest: Asia Stock Market News

China Takes First Steps Towards Standardising AI Industry
China Takes First Steps Towards Standardising AI Industry

China sees AI as an area in which it wants to rival the US, and has set its sights on becoming a world leader in the field by 2030

Chinese Port in Peru Seen Ramping up Trade With South America
Chinese Port in Peru Seen Ramping up Trade With South America

China will get a 'Silk Road' gateway to South America and its resources via a $3.5 billion deep-water port at Chancay in Peru, due to open late this year

Indian Carmakers Block EV Import Tax Cut to Prevent Tesla Entry
Indian Carmakers Block EV Import Tax Cut to Prevent Tesla Entry

One of the primary motivators for India to reduce the EV import tax had been Tesla’s interest in building a factory in India

High-Tech Asian Crime Wave: Cyber Scams, Casinos Loot Billions
Hang Seng Gains on Policy Bets, Nikkei Flat on Overheating Fears
Red Sea Shipping Disruption May Last ‘at Least a Few Months’
Shein ‘Facing Cybersecurity Review’ in China Ahead of US IPO
Hang Seng Dives as China Growth Disappoints, Nikkei Slips
China Saw 5.2% Growth Last Year, But 2024 Likely to be Tougher
China’s Yuan Topples Dollar as Most Traded Moscow Currency

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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