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Korean shares fared the best in Asia, posting their biggest yearly gains in more than two decades thanks to the country's dominant role supplying chips for AI and data centres
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Asia Media Digest
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Daily roundup of the best New Economy stories from other media
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Asia Financial TV
Demand for renewables and data centres has caused a surge in shipments of lithium-ion storage batteries, with Chinese firms exporting more than $66 billion this year
The Bank of Japan lifted interest rates to a three-decade high on Friday, which caused the yield of 10-year government bonds to jump to a 26-year peak. Meanwhile, MUFG bought a 20% stake in an Indian non-bank lender
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The AF Big Picture
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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Market InsightsHere’s How China’s ‘Self-Interest’ May Be Adding to Global InflationChina’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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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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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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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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