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Latest: Asia Stock Market News

India Seen Chopping LIC’s IPO Target to $3.9bn
India Seen Chopping LIC’s IPO Target to $3.9bn

The fundraising target for the LIC listing has reportedly been slashed to 300 billion rupees ($3.9 billion) because of cool investor sentiment

SEC Delisting Warning Skewers Zhihu’s Hong Kong IPO
SEC Delisting Warning Skewers Zhihu’s Hong Kong IPO

Questions could be asked on the timing of Zhihu's secondary listing in Hong Kong, after the group's shares plunged 23.6% and it endured the city's second worst ever stock debut

Asian Stocks Slip as China’s Covid Lockdowns Dent Outlook
Asian Stocks Slip as China’s Covid Lockdowns Dent Outlook

Chinese stocks neared two-year lows as Shanghai extended its lockdown restrictions, hitting hopes of growth in the world’s No2 economy

PBOC Pledges Price Stability and Support for Small Companies
Shionogi & Co Shares Rise Over US Talks on Covid-19 Pill
Toshiba Shares Jump After Buyout Put Back on Table
US Markets: Li Auto, Luckin Coffee Added to Chinese Stocks Delisting Candidates
Shell in Talks With China Majors Over Russia Stake – Telegraph
Fossil Fuels Lead Commodity Prices Charge: Chart of the Day
China Urged to Woo Foreign Green Investors With Carbon Scheme

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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