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Latest: Asia Stock Market News

China Firms ‘Face More US Sanctions for Goods Going to Russia’
China Firms ‘Face More US Sanctions for Goods Going to Russia’

US to broaden its export controls and announce new sanctions on financial institutions and non-banks that help the Russian military with chips, tech and goods, sources say

Nikkei Edges Up, While the Hang Seng, China Stocks Fall
Nikkei Edges Up, While the Hang Seng, China Stocks Fall

Chinese blue chips fell 1.2%, having been shut on Monday, while the Hang Seng Index was down 1.04% and the yuan hit a seven-month low.

India’s Modi Retains Ministers in Key Cabinet Roles
India’s Modi Retains Ministers in Key Cabinet Roles

The government said there will be no change in personnel at the four senior ministries – finance, home affairs, defence and foreign affairs. It also held key ministries like commerce and agriculture

I’ll Ban Apple Devices if OpenAI is Put in Operating System: Musk
Exodus of Foreign Judges in Hong Kong Upsets City CEO
Price Wars by Chinese Retailers Amplify Weak Consumer Outlook
Trump Says He Will ‘Never Ban TikTok’ if Elected – NYPost
Rate Cut Worry, French Poll Shock Hurt Asia; Nikkei Bucks Trend
China’s $41-Billion Buy-up of Unsold Homes Seen Falling Flat
As EU Eyes Tariffs, European States Chase China EV Factories

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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