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Latest: Asia Stock Market News

‘Serious’ Cyber Attack Halts Work at Four Australian Ports
‘Serious’ Cyber Attack Halts Work at Four Australian Ports

Ports operator DP World, which is owned by the state of Dubai, has been forced to suspend operations at four major ports for several days following a cyber-security drama

US Playing a ‘Sad Game’ With Nvidia, Chip Firms: Chinese Media
US Playing a ‘Sad Game’ With Nvidia, Chip Firms: Chinese Media

The US is playing a game of 'catch-me-if-you-can' with Nvidia and other chipmakers that will hurt both countries, the companies involved and only spur more innovation in China, Global Times says

ICBC Relays Cash to US Unit, Orders Review into Cyber Attack
ICBC Relays Cash to US Unit, Orders Review into Cyber Attack

Security reviews are being undertaken in the US after the ICBC ransom attack, while China's top bank sent capital to its US arm to help pay BNY Mellon $9 billion for unsettled trades caused by the event

Yellen Reminds China: Firms Helping Russia Will Face Sanctions
Arm’s Pricey Valuation Under the Scanner as Revenues Look Soft
Hang Seng, Nikkei Slide as Hawkish Fed Chief Dampens Mood
China’s Top Chipmaker Sees Third-Quarter Profit Plunge 70%
Country Garden ‘Aiming for $11bn Offshore Debt Plan by Year-End’
Notorious Hackers Seen Hitting US Arm of ICBC, China’s Top Bank
IMF Upgrades China Growth Forecasts, Warns on Property Threat

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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