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Latest: Asia Stock Market News

China Racing to Buy Key Chip Materials From US Suppliers – Nikkei
China Racing to Buy Key Chip Materials From US Suppliers – Nikkei

Chinese firms have stepped up their purchases of materials needed to make chips and electronics from US suppliers ahead of the new year

China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages
China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages

Chinese companies have increased their extraction of rare earths from northern Myanmar by an "unprecedented" amount, a new report says

Trump Asks US Supreme Court to Pause Law That Could Ban TikTok
Trump Asks US Supreme Court to Pause Law That Could Ban TikTok

The US President-elect says a pause would give his administration time to pursue a "political resolution" to the issue

China Urges Support for People in Need as Economy Slows
China’s Chipmaking Skills 10-15 Years Behind West: ASML CEO
Chinese Battery Giant CATL Planning to List in Hong Kong
Industries Shut Down as Iran’s Energy Crisis Gets Dire – NYT
South Korea Crisis Deepens as Acting President Also Impeached
China’s Industrial Profits Down 7% on Weak Demand in November
Neighbours Worried About China’s Giant New Dam in Tibet

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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