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Latest: Asia Stock Market News

World Bank’s Banga Keen to Bolster Investment in Renewables
World Bank’s Banga Keen to Bolster Investment in Renewables

New president says moves to boost the bank's lending capacity could free up "tens of billions" of dollars, but not the trillions needed for energy transition to counter climate change, so private money is essential

Indian Bike Maker Ola Electric Seen Starting Talks on IPO
Indian Bike Maker Ola Electric Seen Starting Talks on IPO

Ola's founder Bhavish Aggarwal plans to travel to Singapore, the US and UK over next two weeks to meet investors such as BlackRock, Singapore wealth fund GIC, and T Rowe Price, sources say

US Bans China’s Ninestar, Chemical Firm for Forced Labour
US Bans China’s Ninestar, Chemical Firm for Forced Labour

The US banned imports from Ninestar, a large Chinese maker of printers, and Xinjang Zhongtai Chemical, saying their products involve use of Uyghur forced labour

BYD Launches New Brand Fang Cheng Bao, First SUV Out This Year
Saudi Arabia Emerging as Hot New Market For Chinese Investors
Nikkei Rebounds, Hang Seng Rises Amid Fed Pause Hope
Acer Sold Goods Worth $70m to Russia Despite Vow to Halt Trade
China-Russia Trade Reaches New High With Over 40% Jump – CNN
Competition in Chip Industry an ‘All-Out War’, South Korea Says
Chinese Energy Storage, Battery Firms Plan $1bn Vietnam Plants

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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