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Latest: Asia Stock Market News

Major Banks Cut China 2023 GDP Forecasts as Recovery Slows
Major Banks Cut China 2023 GDP Forecasts as Recovery Slows

Nomura said on Friday it has cut its forecast for China's GDP growth this year to 5.1% from 5.5%, following similar moves by UBS, Standard Chartered, Bank of America (BoA) and JPMorgan

Japan Gives Toyota $841m to Drive Domestic EV Battery Output
Japan Gives Toyota $841m to Drive Domestic EV Battery Output

Japan has designated batteries for energy storage as important under an economic security law and earmarked close to $2.4 billion to support their supply and development

Micron to Pour $602m in China to Show ‘Unwavering Commitment’
Micron to Pour $602m in China to Show ‘Unwavering Commitment’

The investment, in a chip packaging facility in the Chinese city of Xian, will include buying packaging equipment from a Xian-based subsidiary of Taiwan's Powertech Technology

Nikkei Gains as BOJ Stands Firm, Hang Seng Rallies on Fed Bets
Canadian AIIB Exec ‘Fled’ China After Quitting Over CCP Meddling
EV Boom Amps Up Costs, Environment Risk in China’s Lithium Hub
Nikkei Rally Ends, Hang Seng Surges on China Stimulus Bets
Trouble in Chinese Factories, Industrial Unrest at 7-Year High
Stifling China’s Progress ‘Disastrous’ For US: Yellen – NYT
TikTok Emerges as Preferred News Platform of Young Adults

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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