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Latest: Asia Stock Market News

Beijing Slams US Plan to Review China’s Supply of Legacy Chips
Beijing Slams US Plan to Review China’s Supply of Legacy Chips

Beijing has condemned a US plan to review procurement of mature-node chips from China, as it likely fears the move will create further upheaval in its volatile chip sector

China Identifies Disaster Relief Projects in $140bn Spending Plan
China Identifies Disaster Relief Projects in $140bn Spending Plan

The National Development and Reform Commission said on Saturday it had identified thousands of flood control and disaster relief projects under a $140bn plan to boost the economy

India Taps AI in Forecasts as Extreme Weather Weighs on Economy
India Taps AI in Forecasts as Extreme Weather Weighs on Economy

India recorded extreme weather events on 235 of the 273 days between January 1 to September 30 this year, a study found

China’s Yuan Leapfrogs Yen in Global Payments Rankings – FT
Tesla Gains $31m Shanghai Land For New Megapack Battery Plant
Hang Seng Dips on China Gaming Curbs, US Bets Lift Nikkei
China’s BYD Plans EV Production Base in Hungary
China’s Geely Says Ship Attacks Will Delay EV Arrivals in EU
Tencent, Netease Shares Plunge After China Issues Gaming Rules
Japan Looking to Trim Budget for First Time in 12 Years

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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