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Latest: Asia Stock Market News

Insurer AIA Launches $10bn Share Buyback on Robust 2021 Growth
Insurer AIA Launches $10bn Share Buyback on Robust 2021 Growth

Better operating conditions for the Hong Kong-based insurer, which relies on its army of agents, prompted it to announce the buyback plan spread over the next three years

Toyota Cuts Domestic Output by up to 20% From Earlier Plan
Toyota Cuts Domestic Output by up to 20% From Earlier Plan

The reduction is part of an effort to alleviate the burden on suppliers forced to adapt to repeated output plan changes due to acute shortages of semiconductors and other supplies

South Korea Posts Trade Deficit as Commodity Prices Soar
South Korea Posts Trade Deficit as Commodity Prices Soar

Exports rose 14.9% year-on-year to $18.74 billion, boosted by a 28.5% jump in sales of semiconductors and a 98.8% surge in petroleum products

Opposition Grows to Break-Up Plan for Japan’s Toshiba
Myer Pays First Dividend in 5 Years – The Age
Poor Urged to Shift From Wheat-Based Diet – Fiji Times
Myanmar Maize Prices Soar on Kyat Plunge – New Light
New App Tracks Indonesian Minerals – Jakarta Globe
SMBC Nikko Arrests May Unnerve Investors – Yomiuri
Asia Stocks Rebound as Traders Buy Into Russia-Ukraine Talks

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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