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Latest: Asia Stock Market News

Evergrande’s $500m EV Share Sale Deal With Dubai Firm Lapses
Evergrande’s $500m EV Share Sale Deal With Dubai Firm Lapses

The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group

State-Owned Developers Led China’s Real Estate Market in 2023
State-Owned Developers Led China’s Real Estate Market in 2023

The top six home sellers last year were all state-owned or state-backed developers, according to a private real estate survey

New Battery Rules Cut Nissan, Tesla EVs From US Tax Credits
New Battery Rules Cut Nissan, Tesla EVs From US Tax Credits

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

Hang Seng Continues Slide, China Markets Dip on Mixed Data
Asian Manufacturing Soft in December Amid Weak China Activity
China Tells Dutch ‘Be Impartial’ After Chip Giant’s Export Ban
Crypto Fraudster Bankman-Fried Won’t Face a Second Trial
Japanese, German Shipping Firms Still Avoiding Suez Canal
Baidu Says More Than 100 Million Using its ChatGPT-Rival Ernie
Year of Wins Propels Huawei From ‘Survival’ to $100bn Revenue

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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