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Latest: Asia Stock Market News

China’s Tencent Assembles Team To Create ChatGPT Rival
China’s Tencent Assembles Team To Create ChatGPT Rival

Competitors Alibaba and Baidu are also working on products similar to the viral chatbot, which so far remains inaccessible in China

BOJ Governor Kuroda Stands Firm on Ultra-Loose Policy
BOJ Governor Kuroda Stands Firm on Ultra-Loose Policy

The Bank of Japan’s chief vowed not to buckle despite core consumer inflation hitting a 41-year peak last month

Ukraine, Sino-US Fears Leave Funds Cautious of Chinese Assets
Ukraine, Sino-US Fears Leave Funds Cautious of Chinese Assets

The Stock Connect scheme that allows foreigners to access China-listed companies has slowed this month to about $3bn from $9.2bn in January

Chinese Firm in Talks to Sell Military Drones to Russia: Report
Asian Stocks Mixed on Superpower Tensions, BOJ Policy Signs
China Wants To ‘Integrate’ ChatGPT-Like Tech in its Economy
High Cost, ‘Unmanageable’ US Staff Plague TSMC in Arizona – NYT
Baidu Says Ernie Bot Will ‘Revolutionise’ its Search Engine
Missing China Banker Wanted to Move Wealth to Singapore – FT
Host India Doesn’t Want G20 to Discuss Fresh Russia Sanctions

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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