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Latest: Asia Stock Market News

Moody’s Cuts Fosun Credit Rating Amid Asset Sales Worry
Moody’s Cuts Fosun Credit Rating Amid Asset Sales Worry

The downgrade to B2 from B1 came after the Chinese conglomerate said last week its units would sell a combined 60% stake in Nanjing Nangang Iron & Steel United for up to $2.2bn

China’s Yuan Rebounds Sharply, As Fed Slowdown Tipped
China’s Yuan Rebounds Sharply, As Fed Slowdown Tipped

The onshore yuan finished the domestic session at 7.1825 per dollar, the strongest since October 12, while its offshore counterpart traded at 7.2151 at around 0830 GMT.

South Korea’s Mirae Asset to Help Fund Musk’s Twitter Deal
South Korea’s Mirae Asset to Help Fund Musk’s Twitter Deal

Mirae Asset is creating a 300 billion won ($208 million) fund to support Musk's takeover of Twitter, the Korea Economic Daily said

WhatsApp Back Online After Global Outage Disrupts Asia
Japan Spent $6bn in Monday’s Suspected Yen Intervention
China Sees Smart Glasses Popularity Rise – Pandaily
Asia Stocks Mixed on Gloomy Forecasts as Yuan, Yen Struggle
China Seen Moving to Curb Risks in $1.4tn Money Market Funds
China’s Yuan Drops Near 15-Year Low After Investors’ Sell-off
Indonesian Exports Could Hit $280bn as Nickel Shipments Rise

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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