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Latest: Asia Stock Market News

China Tries to Soothe Tech Firms in Sign of Easing Crackdown
China Tries to Soothe Tech Firms in Sign of Easing Crackdown

Liu He spoke at a meeting convened by the Chinese People's Political Consultative Conference in the strongest sign yet that Beijing would ease off on the sector

Japanese Economy Shrinks for First Time in Two Quarters
Japanese Economy Shrinks for First Time in Two Quarters

The results fuelled fears of stagflation - a mix of weak growth and rising inflation - as the world's third-largest economy contracted at an annualised rate of 1.0%

China’s Weak Yuan Also Suggests a Weak Stock Market: UBS
China’s Weak Yuan Also Suggests a Weak Stock Market: UBS

Transport, banks and materials stocks had a higher share price correlation with the exchange rate, perhaps because they are more affected by general economic conditions

DBS Hong Kong to Help Fund Chinese-Built Wind Farm
Hong Kong’s Gusto Raises $11m to Boost Web3 Services
India’s LIC Will Bounce Back From Lukewarm IPO: Analysts
Binance Sees $1.6 Billion Evaporate on TerraUSD-Luna Crash
Tencent Music Revenue Falls in First Quarter as Shares Jump
Asian Shares Boosted by Signs China is Winning Covid Fight
Zhongliang Gets Nod to Swap Most 2022 Bonds to New Notes

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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