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Latest: Asia Stock Market News

China Carmakers ‘Must Ensure Parts Not Made by Forced Labour’
China Carmakers ‘Must Ensure Parts Not Made by Forced Labour’

Human Rights Watch says it found evidence aluminum producers use workers from government labour transfer schemes that coerce Uyghurs and other Turkic Muslims into jobs

Trump Eyes 60% China Tariffs, Sparks New Trade War Fears – WP
Trump Eyes 60% China Tariffs, Sparks New Trade War Fears – WP

Trump has vowed to take on China again if he wins a second term, promising to be tougher on Beijing than Biden

Hang Seng Rallies on Policy Bets, Nikkei Slips on Fed Warnings
Hang Seng Rallies on Policy Bets, Nikkei Slips on Fed Warnings

The US Fed’s decision to hold firm on rates and warning that inflation was still a threat weighed on sentiment across Asia on Thursday

Raimondo Says Chinese EVs Are a National Security Risk For US, EU
Red Sea Crisis Likely to Drag on For Some Time: Shipping Chief
Oil Producers, Carmakers Knew of Climate Risk in 1954 – Guardian
Nikkei Tops Global Tree, China Data Weighs on Hang Seng
China Moves to Lift Property Sector Amid Evergrande Crash Fears
Will Evergrande Really be Liquidated? Not if China Says No
China Way Ahead of US in Chip Startup Funding – PitchBook

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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