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Latest: Asia Stock Market News

Chinese Developers Sell Assets to Pay Debt: Securities Times
Chinese Developers Sell Assets to Pay Debt: Securities Times

China Aoyuan Group sells properties at a loss of HK$177 million to repay debt and its stock price subsequently plummeted

Australian Watchdog Warns over ‘Finfluencers’: The Age
Australian Watchdog Warns over ‘Finfluencers’: The Age

ASIC commissioner Cathie Armour said firms that hire unlicensed social media promoters could be in breach of the Corporations Act

NetEase’s Online Music Unit Revives IPO Plans: WSJ
NetEase’s Online Music Unit Revives IPO Plans: WSJ

Cloud Village operates a music-streaming platform similar to that of Spotify and was planning to take investor orders in August

India’s Central Bank Raises Red Flag Over Frothy Equities
Asia Traders Distracted By Biden-Xi Summit And Inflation
Huarong Gets Nod To Raise $11bn In Bonds In Interbank Market
Newly Listed Companies Soar At Beijing Stock Exchange Launch
Nikkei and Hang Seng Advance But Inflation Fears Persist
Indian EV Startup Ather Energy Advances IPO Plan: BS
China Bank Bonds Resilient Amid Contagion Risk: Index Insights

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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