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Latest: Asia Stock Market News

India Extends Post-Budget Stock Rally in Early Trading
India Extends Post-Budget Stock Rally in Early Trading

But Nifty 50 components Tech Mahindra and Adani Ports slumped 4.2% and 2.3% respectively after posting disappointing quarterly numbers

Oil Climbs Towards 7-year Highs, All Eyes on OPEC+ Move
Oil Climbs Towards 7-year Highs, All Eyes on OPEC+ Move

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year

Starbucks’ China Sales Lose Froth Under New Lockdowns
Starbucks’ China Sales Lose Froth Under New Lockdowns

The coffee chain missed estimates on adjusted earnings as wage and commodity inflation contributed to higher operating costs

India’s Tata Motors in the Red over Chip Shortages
Australia’s Wealth Fund Reduces its Exposure to Equities
Shionogi & Co Shares Rise on Covid-19 Pill Trial Results
Retail, Wholesale Slump Hits Profits at Japan’s Nomura
Crypto Crash is Young Investors’ No. 1 Worry, Survey Shows
Chicken, Egg Sector Faces Probe: The Edge Malaysia
Disgraced Businessman’s Sentence Quashed – NZ Herald

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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