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Latest: Asia Stock Market News

China to Raise Its Retirement Age to Ease Pension Costs Crisis
China to Raise Its Retirement Age to Ease Pension Costs Crisis

The retirement age for men is 60, five to six years below most developed economies, while for women it is 50 or 55. The move will ease a soaring pension budgets crisis

Nikkei Slides in Wake of IT Chaos, China Tech Lifts Hang Seng
Nikkei Slides in Wake of IT Chaos, China Tech Lifts Hang Seng

Investors across the region took Biden’s election withdrawal in their stride but the impact of last week’s Microsoft-related outage was still being felt

Reactions to China’s Central Bank Cuts to Short, Long-Term Rates
Reactions to China’s Central Bank Cuts to Short, Long-Term Rates

The PBOC cut rates on its seven-day reverse purchase agreements, leading to a similar drop in its loan prime rates (LPR), pulling bond yields down across the curve

Currency Rescue Missions Cost Asian Foreign Reserves $50bn
China Worry Shaves $70 Billion Off TSMC’s Market Cap in a Week
PwC Slashing China Partners’ Pay By 50% Amid Evergrande Fallout
Chinese Officials Admit its Economic Goals ‘Full of Contradictions’
UK Urged to Block Shein Listing Over Labour, Tax Claims – ST
Hang Seng Slumps on Policy Doubts, Global Fears Weigh on Nikkei
Global IT Outage Hits Airlines, Microsoft, Media, Huge List of Firms

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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