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Latest: Asia Stock Market News

Indonesia’s GoTo Sets $1.1bn IPO Fundraising Target
Indonesia’s GoTo Sets $1.1bn IPO Fundraising Target

GoTo, formed last year by the merger of Gojek and Tokopedia, surprised some investors when it launched its IPO process earlier this month

US Weighs Largest-Ever Draw From Emergency Oil Reserve
US Weighs Largest-Ever Draw From Emergency Oil Reserve

Move would mark the third time the US has tapped strategic reserves in six months, and would be the largest release in the near 50-year history of the reserve system

Japan Moves to Secure Vital Materials Over War Shortages
Japan Moves to Secure Vital Materials Over War Shortages

The actions include support to boost domestic production, alternative procurement and to help technological developments to reduce use of the materials

Chubb Buys Dual’s Regional Assets – Insurance Business Asia
Pakistan Hopes to Widen Retail Investor Base – Dawn
Asset Managers Overlook China Human Rights – Ignites Europe
Asian Stocks Lifted by Ukraine Talks But Nikkei Slips
Japan Adds Gold, Luxury Cars to Russia Ban List
China’s Sunac Seeks to Extend Bond Principal Payment
UK’s Arm Plans to Transfer China JV Shares – FT

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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