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Latest: Asia Stock Market News

Hong Kong Court Will Rule on Evergrande Rescue Plan in 6 Weeks
Hong Kong Court Will Rule on Evergrande Rescue Plan in 6 Weeks

The struggling real estate giant posted a combined loss of $81 billion for 2021 and 2022, deepening investor doubts about the viability of the restructuring deal

Beijing Tells Law Firms to Scale Back China Risks in IPO Docs
Beijing Tells Law Firms to Scale Back China Risks in IPO Docs

The China Securities Regulatory Commission reportedly met legal chiefs and told them to avoid downbeat descriptions of the country’s business environment

India Turns Down BYD’s $1-Billion EV, Battery Plant Proposal
India Turns Down BYD’s $1-Billion EV, Battery Plant Proposal

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

Hang Seng Hit by Property Fears, Nikkei Boosted by Weak Yen
Bain Capital to Buy 90% of Adani Capital and Adani Housing
EU, US Sanctions Aim to Curb Funds for War in Myanmar
Cambodia Stages One-Sided Election Ahead of Power Shift
China Property Crisis Intensifies, Cloud Over Country Garden
Chinese Power Plants Shut Down in Western Myanmar – Irrawaddy
US and Vietnam to Hold Regular Economic Talks, Lift Tech Ties

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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