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Latest: Asia Stock Market News

China Industrial Profits Drop Further, But Growth Seen in 2023
China Industrial Profits Drop Further, But Growth Seen in 2023

Profits at large industrial firms fell by 3.6% in the first 11 months of 2022, data showed Tuesday. A further fall is seen for December before things improve in the first quarter of 2023

Asian Stocks Rise as China Says Quarantine Rule Will End
Asian Stocks Rise as China Says Quarantine Rule Will End

Stocks in Hong Kong, Shanghai and Tokyo all rose on Tuesday after Beijing dropped its quarantine requirement for inbound travellers; the US dollar also eased

Samsung to Expand Chip Production Even as Rivals Cut Back
Samsung to Expand Chip Production Even as Rivals Cut Back

Samsung's persistence with investment plans could help it take market share in memory chips and support its share price when demand recovers

Beijing, Shanghai Resume ‘Normal Routine’ Amid Raging Covid
Taiwan Reports Largest Chinese Air Force Incursion Yet
China Factory Hub Zhejiang to See 2 Million Daily Covid Cases
Tesla Pauses Shanghai Gigafactory Production Amid Covid Surge
Huawei Banks on Tech Patents As New Revenue Source – Nikkei
250 Million Chinese Caught Covid in 20 Days, Say Officials – FT
Asia Stocks Slide on Fed Rate Hike Fears, China’s Covid Woes

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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