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Latest: Asia Stock Market News

China Unveils Brain Chip Similar to Elon Musk’s Neuralink
China Unveils Brain Chip Similar to Elon Musk’s Neuralink

China says its fully homegrown brain-computer interface was tested on a monkey, allowing it to control a robotic arm with only its thoughts

TikTok Vows ‘We Will Fight’ After Biden Signs Sale Order
TikTok Vows ‘We Will Fight’ After Biden Signs Sale Order

After Biden's swift presidential endorsement, attention is now turning to whether TikTok can win a legal fight against the divestment order

ASML Will Not Service Some China Equipment, Outgoing CEO Hints
ASML Will Not Service Some China Equipment, Outgoing CEO Hints

Washington has been lobbying the Dutch to prevent ASML from servicing some of the billions of euros worth of tools it has already sold to Chinese customers

Nikkei Slides as US Tech Drags, Hang Seng Lifted by Market Bets
TikTok Plans Legal Battle as US Senate Passes Divest-or-Ban Bill
Nikkei, Hang Seng, China Stocks Rally on Tech Earnings Boost
US Call for 3 Years Jail for Binance Founder Changpeng Zhao
PwC Probed For ‘Enabling Evergrande Misconduct For Years’
Huawei Takes Another Bite Out of Apple’s Market Share in China
US May Sanction Chinese Banks Helping Russian War — WSJ

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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