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Latest: Asia Stock Market News

China to Use Bonds to Pay For Consumer Trade-in Scheme
China to Use Bonds to Pay For Consumer Trade-in Scheme

Planning agency says it will use $20.7 billion from special bonds being issued this year to subsidize replacement home appliances, cars, bicycles and other items

Thai Task Force to Help Stop Arms Funding For Myanmar Military
Thai Task Force to Help Stop Arms Funding For Myanmar Military

The Bank of Thailand and Anti-Money Laundering Office will set up a task force to investigate transactions with Myanmar and help Thai banks to counter arms deals, the foreign ministry has said

World’s Wealthiest 1% Added $42tn to Fortunes Since 2014 – F24
World’s Wealthiest 1% Added $42tn to Fortunes Since 2014 – F24

Poverty charity Oxfam warned of “obscene levels” of inequality ahead of a G20 summit in Brazil this week

Indonesia Offers ‘Golden Visa’ to Draw Foreign Investors, Lift Economy
Nikkei Dives as Yen Surges, Tech Earnings Weigh on Hang Seng
China’s Central Bank in Surprise MLF Loan at Low Rate
BYD Sales Boom in Southeast Asia While Tesla Growth Slows
BOJ to Unveil Plan to Halve Bond Buying, Unsure on Rate Hike
China’s War on Wealth: Funds Staff Told to Repay ‘Excess’ Salaries
China’s Quant Funds Hit Hard in First Half, as Crackdown Looms

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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