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Latest: Asia Stock Market News

China is ‘World’s Largest Creditor, Lends Most to US, Rich Nations’
China is ‘World’s Largest Creditor, Lends Most to US, Rich Nations’

China has switched its lending from aid and infrastructure to "sensitive industries" in advanced economies - high‑tech sectors like chips, AI and clean energy - and the US is now the biggest recipient, a new report says

EU To Reject India Demand For Carbon Tax Exemption — FT
EU To Reject India Demand For Carbon Tax Exemption — FT

Since much of Indian manufacturing is still dependant on coal-fired energy, its exporters will face a high new carbon tax of between 20%-35% in the EU

Samsung To Make Record Investments At Home Amid US Deal Fears
Samsung To Make Record Investments At Home Amid US Deal Fears

Samsung's announcement coincides with Seoul’s commitment to invest $350 billion in the US which has led to concerns that Korea could end up playing second-fiddle in manufacturing

Japan’s Economy Contracts as Car Exports Sink in 3rd Quarter
Yttrium is Latest Rare Earth Concern as Global Supplies Fall
Japan’s Megabanks Raise Profit Forecasts as Deflation Eases
US, Korea Reveal Details on Building Ships and Nuclear Subs
China, HK, Japan Stocks All Sink as Tech, AI Selloff Continues
EU Keen to Stem Flood of Cheap China Parcels From Shein, Temu
Singapore Trialling a CBDC, Plans Laws on Stablecoins, MAS Says

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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