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Latest: Asia Stock Market News

China’s ‘Broke’ Local Governments Turning to Extortion: HRW
China’s ‘Broke’ Local Governments Turning to Extortion: HRW

Local governments are extorting money from entrepreneurs in wealthy cities via China's “disciplinary commissions,” Human Rights Watch says

Taiwan Says TSMC Not Allowed to Make 2nm Chips Abroad, For Now
Taiwan Says TSMC Not Allowed to Make 2nm Chips Abroad, For Now

The world's top chipmaker faces limits on what chips it can make in the US at a time when the incoming Trump Administration could put increasing production-related demands on it

Vote Sees Ishiba Stay as Japan’s PM, Talks With Trump Eyed
Vote Sees Ishiba Stay as Japan’s PM, Talks With Trump Eyed

New PM's next tests are an extra budget, seeing if he can meet Trump on his way to the G20 next week, while the BOJ ponders climate risks and a carbon tax

Toyota Keen to Bolster Output With Chinese Partners: Sources
China-Indonesia Sign $10bn in Deals on EVs, Batteries, Solar
TSMC to Cut Off All Chinese AI Clients From Its Advanced Chips
World Underestimates Climate Breakdown Risks: Guterres – G’dian
China ‘More Vulnerable to Trump Tariffs’ After Slowdown
Canada Orders TikTok to Shut Offices in the Country – Reuters
Scientists Say 2024 ‘Virtually Certain’ to be Hottest on Record

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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