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Latest: Asia Stock Market News

Dramatic Turnaround in China’s Attitude to US Chipmaker Micron
Dramatic Turnaround in China’s Attitude to US Chipmaker Micron

Minister tells Micron CEO Beijing would be happy for the company to expand its operations in China, months after saying the memory chipmaker failed a security review; the news comes amid a thaw in Sino-US ties

China Joins US, EU in Vow to Tackle ‘Catastrophic’ AI Harm Risk
China Joins US, EU in Vow to Tackle ‘Catastrophic’ AI Harm Risk

The three, along with 26 other other signatories signed the "Bletchley Declaration" at the AI Safety Summit in Britain on Wednesday

China’s Shock Rate Surge to 50% Triggers Regulatory Probe
China’s Shock Rate Surge to 50% Triggers Regulatory Probe

A month-end scramble for cash and a flood of government bond sales triggered an overnight record surge in rate for pledged repo on October 31

Suspicion And Mistrust Continuing to Shadow TikTok
Nikkei, Hang Seng Boosted by US Fed Rate Drop Hopes
US, UK and Canada Ramp up Action Against Myanmar Junta
Yen, Inflation Stresses ‘Could Force BoJ to Tighten This Year’
Big Tech Exaggerating AI’s Threat to Humanity, Expert Says
Buffett Sells $25.8 Million More BYD Shares, Stake Down by 61%
China Set to Tighten Hold on Crackdown-Hit Finance Sector

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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