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Latest: Asia Stock Market News

Hedge Funds Snapped up China Stocks at Rapid Pace – Goldman
Hedge Funds Snapped up China Stocks at Rapid Pace – Goldman

Cumulative net buying of Chinese equities from January 23 to 25 totalled $12 billion and was the biggest three-day spree in more than five years, Goldman Sachs said in a note to clients

Firm Smuggled 53,000 Banned US Chips to China – BusinessKorea
Firm Smuggled 53,000 Banned US Chips to China – BusinessKorea

Custom officials say integrated circuit chips, classed as strategic items and worth $11.6 million, were funneled to mainland via a South Korean company; firm's executives now face prosecution

Hang Seng Lifted by Energy Stocks, Nikkei Gains on Weaker Yen
Hang Seng Lifted by Energy Stocks, Nikkei Gains on Weaker Yen

Tensions in the Red Sea have pushed oil prices higher while China Evergrande’s downfall caused a ripple not a shockwave

Court Orders China Evergrande Liquidation to Pay its $300bn Debts
Canon Says New ‘Stamp’ Machine Will Slash Chipmaking Costs – FT
China Imposes Fresh Curbs On Share Lending Amid Market Slide
China’s Guangzhou Fully Eases Large Home Purchase Limits
US Plans New Rules for Cloud Firms to Cut Off China AI Access
TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs
Singapore-Bound Oil Tanker Hit as Red Sea Tensions Escalate

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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