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Latest: Asia Stock Market News

India Now Third-Largest Home for ‘Unicorns’ – Deccan Herald
India Now Third-Largest Home for ‘Unicorns’ – Deccan Herald

India was placed fourth when it comes to the number of companies valued at over $1 billion last year but the US and China, who occupy the first two ranks, are way ahead

CBL Insurance Fraud Defendant Dies Before Trial – NZ Herald
CBL Insurance Fraud Defendant Dies Before Trial – NZ Herald

Hutchison was a non-executive director when the NZX-listed company collapsed in 2018 with a market capitalisation of $508 million

China Boosts Local Government Special Bonds – Xinhua
China Boosts Local Government Special Bonds – Xinhua

The advance allocation is aimed to mitigate economic pressure in the first quarter of next year, finance vice-minister Xu Hongcai said

China Property’s $170bn Bonus Bill Risks Instability: Nomura
Asian Markets Advance But Omicron Uncertainty Weighs
SE Asians Turning to Riskier Investments, Says Schroders
US Markets Seek New Listings as Chinese Companies Retreat – FT
China Sees Record Issuance of ETFs Although Size Shrinks
China Developers Flag Risks After Sharp Share Rebound
Global Investors Pump Money Into China Equity ETFs – 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