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Latest: Asia Stock Market News

Australia’s Wesfarmers Group Sees First-Half Profit Dive
Australia’s Wesfarmers Group Sees First-Half Profit Dive

The group flagged that a wave of Omicron infections in the country reduced physical traffic at its Kmart Group and Officeworks divisions

China Poised to Boost Global ESG-Labelled Bond Issuance
China Poised to Boost Global ESG-Labelled Bond Issuance

China is now the world’s third-largest green bond market after France and Germany, accounting for about $145 billion of green bonds outstanding

Rihanna, H&M Lingerie Company Up For Sale – FT
Rihanna, H&M Lingerie Company Up For Sale – FT

Erik Ryd's company, which makes intimate wear for Rihanna, Marks & Spencer and H&M, had capitalised on a pandemic-fuelled comfort clothing surge

India’s IT Sector Grows Twice as Fast as Economy – ToI
CATL Considers More Factories Outside China – Caixin
Asia Markets Bounce Back As Russia-Ukraine Tensions Ease
Japan’s Kirin Holdings Sells Stake in China JV for $1bn
Intel Acquires Israeli Chipmaker Tower for $5.4bn
China Nickel Miner Lygend Seeks Hong Kong IPO
Beijing to Urge Neighbours to Trade in Local Currency

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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