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Latest: Asia Stock Market News

Wickremesinghe Voted President in Sri Lanka, IMF Vows Help
Wickremesinghe Voted President in Sri Lanka, IMF Vows Help

Many protesters dislike the new president, but MPs felt his experience was vital given the country's dire economic state. IMF says it hopes to complete bailout talks with Sri Lanka as soon as possible

European Union, China Pledge to Cooperate on Supply Chains
European Union, China Pledge to Cooperate on Supply Chains

Beijing and the EU hold economic, trade talks amid tension over issues including the war in Ukraine, Xinjiang and an as yet unratified investment deal

Didi Faces $1 Billion Fine for Data Security Breaches – WSJ
Didi Faces $1 Billion Fine for Data Security Breaches – WSJ

Officials say penalty will mark end of year-long probe into group's operations, cybersecurity practices and handling of personal data. Didi would then be able to list in Hong Kong, report says.

SoftBank Halts Talks on Arm IPO Over UK Political Chaos – FT
Asia Stocks Unsettled as Investors Wait on Central Banks
More Airlines in Asia Tap Sustainable Jet Fuel – Nikkei
Indian Rupee Breaches 80 Per Dollar, New Record Low
China and Japan Slash Holdings of US Treasuries in May
Asia Stocks Rally as Rate Fears Ease, China Backs Lenders
China Steps up Local Government Debt Issuance for Banks

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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