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Latest: Asia Stock Market News

Canada Bans China’s WeChat on State Devices Over Privacy Risks
Canada Bans China’s WeChat on State Devices Over Privacy Risks

Beijing said the ban was an abuse of national power, adding that it was imposed without any real evidence

China Data Drags on Hang Seng, Nikkei Gains on BoJ Boost
China Data Drags on Hang Seng, Nikkei Gains on BoJ Boost

A surprise dip in China’s factory activity weighed on sentiment across the region while a Bank of Japan yield curve tweak lifted the local mood

Top Memory Chipmaker Gets $2 Billion From China’s ‘Big Fund’
Top Memory Chipmaker Gets $2 Billion From China’s ‘Big Fund’

Support from the state 'Big Fund' is part of a $5.3bn capital expansion by Changxin Xinqiao, a leading memory chip firm in Hefei, as China expands its production capacity and R&D

Factory Activity in China Falls in October, Undermining Recovery
HSBC Says Worst Over For China Property Despite $500m Hit
China’s BYD Posts Highest Ever Quarterly Profit With 82% Jump
Biden to Order ‘Wide Action’ to Limit Risks of Rogue AI Use
Top China Envoy Says Road to Xi-Biden Meet ‘Won’t Be Smooth’
Nikkei Slips on Israel Fears, Hang Seng Flat Despite Stimulus
Philippines Drops China Funding Deal for Rail Links – Benar

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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