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Latest: Asia Stock Market News

China’s Yuan Below 7 Per Dollar as Zero-Covid Eased – WSJ
China’s Yuan Below 7 Per Dollar as Zero-Covid Eased – WSJ

China's currency rose to its strongest level in two months – to below 7 per dollar – on Monday, on expectations the US Fed will cut its interest rate hikes, while Beijing eases its zero-Covid policy

China Services Activity Sinks to 6-Month Low: Caixin
China Services Activity Sinks to 6-Month Low: Caixin

The Caixin/S&P Global services purchasing managers' index (PMI) fell to 46.7 from 48.4, marking the third monthly contraction

Asia Braces for Wall St Shockwave as Banks’ Fears Deepen
Asia Braces for Wall St Shockwave as Banks’ Fears Deepen

JPMorgan, Citi and BlackRock are among those who all now believe a recession is likely in 2023

Evergrande Chief Voice Clip Put on WeChat Amid Suicide Rumour – SCMP
Asian Shares Slip as Cautious Traders Wait on US Payroll Data
India Seen Offering Incentives to Boost Ship Building
India’s HDFC Raises $1.85 Billion in Largest-Ever Bank Bond Issue
Asia Shares Rally on Rate Hike Hopes, Covid Curbs Easing
Chinese Developers’ Offshore Creditors Eye Bargains as Outlook Lifts
Asian Markets Rise After Powell Suggests Rate Hikes Set to Slow

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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