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Latest: Asia Stock Market News

China’s Weak Consumer Spending is Holding World Back: IMF Chief
China’s Weak Consumer Spending is Holding World Back: IMF Chief

The International Monetary Fund’s managing director said Beijing needed to address its property crisis to give consumers more confidence to spend

TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand
TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a big lift in second-quarter sales

Hang Seng, Nikkei Rally on Tech Boost, Fed Rate Bets
Hang Seng, Nikkei Rally on Tech Boost, Fed Rate Bets

The region’s investors were in positive mood and bond markets were calmer as traders took a step back to assess the rate outlook

Oracle to Spend $8 Billion in Japan on Cloud Services, AI
Japan, Korea, US Agree Forex Cooperation As Yen, Won Dive
Biden to Propose Tripling Tariffs on Metal Products From China
Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades
IMF Tips 3.2% Global Growth, Warns China on Property Crisis
Nikkei Dips on Profit Taking, Hang Seng Flat Despite Rules Boost
Baidu Says AI Chatbot ‘Ernie’ Has Had 200m Users

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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