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Latest: Asia Stock Market News

Ruble Plunges After US Sanctions GPB, Dozens of Russian Banks
Ruble Plunges After US Sanctions GPB, Dozens of Russian Banks

The Russian central bank moved on Thursday to stop foreign buying of the ruble in the domestic market after the currency slipped to its lowest since March 2022

Indonesia’s Prabowo Vows to Close Coal Plants in 15 Years – AP
Indonesia’s Prabowo Vows to Close Coal Plants in 15 Years – AP

New president says Indonesia plans to build 75 GW of renewable power by 2040, and analysts say the goal seems unlikely as the country has over 250 coal power plants

Adani Case Exposes Flaws in India’s Clean Energy Rollout
Adani Case Exposes Flaws in India’s Clean Energy Rollout

India's plan to shift from coal to clean energy is being slowed by a shortage of skilled manpower, plus doubts by states' power distribution firms and a lack of infrastructure to handle with the transition

Chinese Media to Trump: ‘There Are No Winners in Tariff Wars’
Hundreds of Evergrande Investors Press Chinese Officials for Help
Volkswagen Says it is Exiting Controversial Xinjiang Plant
EU MP: TikTok CEO ‘Must Explain Role in Romanian Poll’ – Politico
Nvidia Holds Talks With China Even As New US Chip Curbs Loom
Huawei Breaks Away From US Tech With New Mate 70 Smartphone
US to Review Ties With Hong Kong Banks, ‘City Now a Crime Hub’

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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