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Latest: Asia Stock Market News

Foreign Investors Pile Bets on China’s Economy Reviving – FT
Foreign Investors Pile Bets on China’s Economy Reviving – FT

Buying of Shenzhen and Shanghai-listed equities through Hong Kong’s Stock Connect programme rose to $3.8 billion this week, the FT said

US Regulator Warns Against Chinese ‘Pump-And-Dump’ IPOs
US Regulator Warns Against Chinese ‘Pump-And-Dump’ IPOs

Criminals also try to entice people to invest in these IPOs through texting, social media and sometimes even seemingly misdirected messages

India’s Modi, UK’s Sunak Eye ‘First of a Kind’ Trade Deal
India’s Modi, UK’s Sunak Eye ‘First of a Kind’ Trade Deal

Britain is keen to sign a comprehensive trade pact with New Delhi that would cover 90% of trade tariffs between both countries. No other European country has such a deal yet.

Singapore’s Temasek to Write Down $275m FTX Investment
US Envoy Kerry Wants World Bank to Lead Huge Climate Funding
India’s RBI Opens Accounts for Trade With Russia – IndiaTimes
Asia Won’t ‘Allow’ Cold War Attempts: Xi Jinping at APEC
Asia Stocks Slip on Recession, Rate Hikes, Chip Supply Fears
India’s Paytm Shares Slump 10% as SoftBank Cuts Stake
Taiwan Mulls More Tax Breaks For Tech R&D to Keep Chips Lead

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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