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Latest: Asia Stock Market News

US Curbs Set Off Sales, Tech Boom for China Chip Equipment Firms
US Curbs Set Off Sales, Tech Boom for China Chip Equipment Firms

Chinese foundries that would earlier use only a small amount of equipment from domestic firms, now want "as few foreign machines as feasible"

US Seeks Details on Sequoia’s Chinese Tech Investments – FT
US Seeks Details on Sequoia’s Chinese Tech Investments – FT

Members of a Congress panel have asked the venture capital firm if its split into three new entities will stop US investment in tech firms helping the Chinese military or aiding rights abuses

Hang Seng, Nikkei Slump On Middle East Tensions, Fed Fears
Hang Seng, Nikkei Slump On Middle East Tensions, Fed Fears

The violence in and around the Gaza Strip saw investors shun equities and run for safe havens as a bond sell-off intensified

US Seizes Website Domains Used by North Korean IT Workers
Uncertain Sydney Project Another Victim of China’s Property Crisis
China’s Xi Pitches BRI For AI Governance, Green Development
Country Garden Seen Defaulting on Its Offshore Debt
Hang Seng Dips Despite China Growth Boost, Nikkei Flat
China Asks Banks to Roll Over $13tn Local Debt at Lower Rates
Row Over Paying Yuan for Russian Crude Delays Indian Oil Deals

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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