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Latest: Asia Stock Market News

Attack on China’s Consulate in Myanmar After New Jets Supplied
Attack on China’s Consulate in Myanmar After New Jets Supplied

China appears to be worried about the government that could emerge if the Myanmar military collapses; it reportedly fears the resistance is closer to Western nations

China Reduces Key Lending Rates in Bid to Rev up Economy
China Reduces Key Lending Rates in Bid to Rev up Economy

Most new and outstanding loans in China are based on the one-year Loan Prime Rate, while the five-year rate influences the pricing of mortgages

Trudeau Chides India’s ‘Horrific Mistake’ as Ties Worsen – Guardian
Trudeau Chides India’s ‘Horrific Mistake’ as Ties Worsen – Guardian

An ongoing row between India and Canada escalated this week after both sides expelled each other's diplomats over the killing of a Sikh separatist leader on Canadian soil

TSMC Says It Obeys Export Controls as US Probes Links to Huawei
China’s Third Quarter Growth is Weakest Since Early 2023
Toyota Displays Hydrogen Fuel Cartridges for EVs, Homes
China Ramps up Spending on Housing Projects to $562bn
TSMC’s Upbeat Outlook Could Spur Return to Trillion-Dollar Cap
‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm
McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ

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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