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‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China. Asian stocks sold off sharply on Tuesday amid reports that China is now capable of manufacturing DUV lithography machines.
Read storyBullock speech highlights a light Asia-Pacific calendar. RBA Governor Michele Bullock speaks at 1:05 pm Sydney time today and that's the lone highlight on the Asia-Pacific calendar. It's a quiet one but there are no local holidays, just a g
Micron and other chip stocks fall as China steals the spotlight. CXMT had a strong public debut in Shanghai, and now investors are weighing the prospect of a manufacturing breakthrough that could make China’s chip industry more competitive.
