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Latest: Asia Stock Market News

Big Tech Exaggerating AI’s Threat to Humanity, Expert Says
Big Tech Exaggerating AI’s Threat to Humanity, Expert Says

Andrew Ng, one of the founders of Google Brain and a Stanford University professor, warns that Big Tech companies are keen to trigger heavy regulation to reduce competition in the AI sector

Buffett Sells $25.8 Million More BYD Shares, Stake Down by 61%
Buffett Sells $25.8 Million More BYD Shares, Stake Down by 61%

Berkshire’s latest stake sale in BYD came on the heels of the EV-maker’s financial results this week, in which the carmaker reported its highest-ever quarterly profit

China Set to Tighten Hold on Crackdown-Hit Finance Sector
China Set to Tighten Hold on Crackdown-Hit Finance Sector

At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP on China's financial work

Hang Seng Flat Ahead of Fed Meet, Nikkei Surges on BoJ Tweak
Evergrande ‘Offering Offshore Creditors 30% Stake in Two Units’
Japan’s Nikkei Jumps, While Yen Stabilizes After Official Warning
China Hit by Months of Plunging Foreign Investment – FT
Nvidia May See $5 Billion Hit From Early China Chip Curbs – WSJ
Canada Bans China’s WeChat on State Devices Over Privacy Risks
China Data Drags on Hang Seng, Nikkei Gains on BoJ 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