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Latest: Asia Stock Market News

China Settles First LNG Trade in Yuan in Latest Hit to Dollar
China Settles First LNG Trade in Yuan in Latest Hit to Dollar

China's long-term battle to reduce the dollar's dominance in world trade took two steps forward this week, with the first LNG trade in yuan, plus Brazil agreeing to trade via local currencies

Asia Stocks Steady on Easing Bank Crisis Fears, Alibaba Lift
Asia Stocks Steady on Easing Bank Crisis Fears, Alibaba Lift

Tech stocks held on to their gains on Thursday, propping up indexes across the region, following Chinese tech giant Alibaba’s break-up plan

China and Brazil Agree to Dump Dollar for Trade – AFP
China and Brazil Agree to Dump Dollar for Trade – AFP

China and Brazil have struck a deal to trade in their own currencies instead of the US dollar, the Brazilian government said on Wednesday, in another hit to US economic influence

Chatbot Frenzy Driving China Tech, Telecoms Stocks Surge
Apple Shipped 65% More iPhones Made in India in 2022 – ToI
Asia Stocks Rally on Alibaba Split-Up Move, Easing Bank Fears
China Tech Giants, Hong Kong Surge on Alibaba Breakup Plan
Alibaba Shares Jump After News it Will Split Into Six Units
Alibaba to Rejig Operations Into Six Units to Lift its Mojo – SCMP
Adani Seeks More Time to Pay $4bn Debt, Shares Fall on Report

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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