Latest: Asia Stock Market News
The chief of one of the world’s biggest chip equipment-makers, ASML, said isolating China completely will ‘force’ the country to ramp up innovation
"The significance is that it shows that China has been able to stay 2-2.5 nodes behind the world's best (chip) companies," Dan Hutcheson, an analyst with TechInsights said
The yuan is one of region's worst performing currencies and has depreciated about 6.1% against the US dollar so far this year
China's ban on iPhone use by government workers was extended to local government entities last month, raising fears that Apple and its suppliers could be hit hard by rising Sino-US tension
Beijing’s move to curb iPhone use by government employees unnerved traders, raising the threat of an escalating Sino-US trade war
Authorities in the financial hub shut schools, the stock exchange and told workers to stay at home after over 200mm of torrential rain brought by the second typhoon in a week
Myanmar, one the world’s leading producers of rare earths metals, has suspended mining for inspections, sending prices to 16-month highs
Republican chair of influential House panel calls for harsher curbs after the discovery of new chips in Huawei phones "that may violate trade restrictions"
State media said the investment was a clear sign of Beijing's push to end the country's reliance on foreign semiconductor firms
Australian PM meets Chinese Premier at ASEAN summit, says trade has stabilized. Keen for more progress, he will visit Beijing later this year to mark the 50th anniversary of bilateral ties
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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
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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