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Latest: Asia Stock Market News

Hyundai Vows to Stop Sale of Excavators Used in Amazon
Hyundai Vows to Stop Sale of Excavators Used in Amazon

Pledge by Korean firm follows a campaign by Greenpeace and indigenous leaders, who revealed that dozens of Hyundai excavators were being used for destructive illegal mining in the Amazon

Hang Seng, Nikkei Edge Ahead But US Banking, Data Fears Weigh
Hang Seng, Nikkei Edge Ahead But US Banking, Data Fears Weigh

First Republic Bank’s asset sale to JPMorgan Chase calmed some jitters but many are wondering which bank will buckle next

Australia’s Central Bank in Shock Rate Hike, Warns More Possible
Australia’s Central Bank in Shock Rate Hike, Warns More Possible

The Reserve Bank of Australia, which has drawn criticism in recent weeks, stunned markets on Tuesday by hiking its cash rate by a further 25 basis points

Jack Ma to be a Visiting Professor at Tokyo University
Nikkei Advances as BoJ Stance Restricts Yen, Boosts Exporters
Australia Set for Big Budget Rebound, But Tax Cuts Cloud Outlook
Indian Regulator Seeks 6 Months to Finish ‘Complex’ Adani Probe
Lithium Prices Rise 10% After Five-Month Slump
China’s Biggest Banks Report Declining Interest Margins
Huawei Helps China Improve Mine Safety as Coal Output Grows

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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