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Latest: Asia Stock Market News

Russia Jumps Saudi to be China’s Biggest Oil Supplier in 2023
Russia Jumps Saudi to be China’s Biggest Oil Supplier in 2023

Russia shipped a record 107 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), data from Chinese customs showed

Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA
Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA

Singapore police have issued arrest warrants for two ethnic Chinese linked to a massive money laundering case involving assets that now total over S$3 billion (US$2.24 billion)

China Firms Using Own Cash to Launch ‘Sponsored’ Equity Funds
China Firms Using Own Cash to Launch ‘Sponsored’ Equity Funds

China's regulator told some fund managers they need to launch at least four equity funds before they open any new bond fund, in hopes of propping up the stock market

Top China Bank to Pay $32m Penalties For US Regulatory Lapses
Red Sea Attacks Spur a Surge in Asia-to-Europe Air Freight
TSMC’s AI Bet Triggers Mega Chip Rally, Except in China
Debt-Laden Chinese Regions Told to Stop Some State Projects
Nikkei Lifted by Global Tech, Hang Seng Dips on China Worries
BYD’s Thai Distributor to Triple EV Outlets as Sales Boom
Chinese Exporters Face Shipping Crisis From Red Sea Attacks

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Asia Financial Insights
Asia stock market insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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