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Latest: Asia Stock Market News

Key China Evergrande Creditor Agrees to Debt Restructure Plan
Key China Evergrande Creditor Agrees to Debt Restructure Plan

The restructuring, worth $22.7 billion, is just part of Evergrande‘s total liabilities that amount to more than $300 billion

Rapid Rate Hikes Played Role in SVB Collapse: PBOC Official
Rapid Rate Hikes Played Role in SVB Collapse: PBOC Official

China's central bank argued that Silicon Valley Bank’s failure was partly the result of rapid interest rate hikes in Western economies

Beijing Ready to Let Foreign Financial Firms List in China
Beijing Ready to Let Foreign Financial Firms List in China

A former finance minister said China could give the green light to foreign capital participating in its financial markets

Volkswagen Joins China Price War as New Emissions Rule Looms
Asia Shares Rally as Fears of SVB, Credit Suisse Fallout Ease
Xi to Visit Russia From March 20-22 Amid Tense US Relations
Indian Startups Have ‘More Than $1 Billion’ in SVB
Baidu Shares Jump 14% as Users Test ChatGPT-Like Ernie Bot
India Using SWIFT Payment System For Dollar Trade With Russia
US Sanctions on China to Hit Dominance of Chips: TSMC Founder

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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