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Latest: Asia Stock Market News

Foreign Money Flowing Back Into China on Alibaba, Ma Boosts
Foreign Money Flowing Back Into China on Alibaba, Ma Boosts

Alibaba's shares have soared over 14% since the company's break-up plan announcement and $1.7bn in foreign cash has flowed into China's markets

Micron Says China Operations Normal Despite Government Review
Micron Says China Operations Normal Despite Government Review

The Cyberspace Administration of China said it would conduct a security review of Micron's products sold in the country

China’s Yuan is Now the Most Traded Currency in Russia
China’s Yuan is Now the Most Traded Currency in Russia

Russia's central bank has been calling for companies and citizens to move assets into rouble or 'friendly' currencies to avoid the risk of them being blocked or frozen amid sanctions over war in Ukraine

Australia Bans TikTok Risking Ongoing Trade Talks With China
Asia Stocks Mixed on China-US Tensions, Tech Sector Cues
Probe Into Some Adani Offshore Deals for Disclosure Violations
China Objects to Japan’s New Chip Export Restrictions
Asia Stocks Advance on Energy Boost But Inflation Fear Looms
China Renaissance Bank Halts Trading After Bao Fan’s Detention
Russia Wants All India Trade in Rupee-Ruble – Firstpost

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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