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Latest: Asia Stock Market News

Citigroup to Sell Southeast Asia Units to UOB for $3.6bn
Citigroup to Sell Southeast Asia Units to UOB for $3.6bn

The deal includes retail banking and credit card businesses, but excludes the bank’s institutional businesses in all four countries

China Shrinks Imports of Iron Ore, Crude Oil and Meat
China Shrinks Imports of Iron Ore, Crude Oil and Meat

Steel production curbs imposed to combat pollution dented demand and pulled prices of the key ingredient off a historical high

Taliban Approve First Budget Since Afghan Takeover
Taliban Approve First Budget Since Afghan Takeover

The $508 million approved will cover the first quarter of 2022 and is almost entirely dedicated to funding government institutions

Hong Kong Pushes for Asian Investment – The Age
Malaysia Plans To Attack Palm Oil Critics – Nikkei
Auditor Changes Affect 88 Chinese Firms – Business Herald
Citi Opens Clearing, Settlement Deal with New Beijing Bourse
Asian Stocks Struggle Despite Easing US Inflation Fears
Uniqlo Owner Posts Higher Profit as Japan, China Sales Lag
Belt and Road Lifts Profile of Rail Transport, Study Finds

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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