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Latest: Fintech News

S Korea Exports Sink For Seventh Month, China Sales Slump
S Korea Exports Sink For Seventh Month, China Sales Slump

Exports to China tumbled 26% for their 11th consecutive month of declines, while those to the US fell 4.4% but shipments to the European Union rose 9.9%

China’s Manufacturing Falls in April as Export Orders Drop
China’s Manufacturing Falls in April as Export Orders Drop

Factory and export data raises pressure on policymakers keen to boost an economy struggling amid subdued global demand and persistent property weakness

Philippines’ Marcos Wants US to Restore Trade Preferences
Philippines’ Marcos Wants US to Restore Trade Preferences

Marcos may discuss tensions over Taiwan with his counterpart Joe Biden at the White House on his visit, which starts on Monday, but the focus of talks will be trade and investment

Huawei Helps China Improve Mine Safety as Coal Output Grows
China Fuelling War by Selling Russia Parts for Weapons – EP
China Stock Markets Have Lost $550bn in Last Week – FT
Access to China ‘Essential’ as it Develops Chips: ASML CEO
China’s Anti-Espionage Law Adds to Foreign Business Concerns
Twitter Change Spurs Surge of Russian, Chinese Propaganda – AP
China Plans Satellite Network for Deep Space Exploration

Fintech: 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