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Latest: Asia Stock Market News

Brookfield-Led Group Buys Australia’s Uniti for $2.7bn
Brookfield-Led Group Buys Australia’s Uniti for $2.7bn

The consortium includes New Zealand infrastructure investor Morrison & Co and Australian pension scheme Commonwealth Superannuation Corporation

China Regulator Orders Legend to Rectify Disclosure Issues
China Regulator Orders Legend to Rectify Disclosure Issues

Legend failed to file timely, complete and accurate disclosures, the Beijing bureau of the China Securities Regulatory Commission said

South Korea Central Bank Surprises Markets With Rate Hike
South Korea Central Bank Surprises Markets With Rate Hike

Futures on treasury bonds rose after the announcement, aimed at fighting surging inflation, while the won barely moved against the US dollar

IMF Backs Sri Lanka ‘Dialogue’ Amid Ratings Downgrades
Italian Court Upholds Veto on Chinese Purchase of Seed Producer
BlackRock Seen Planning First China ETF Product This Year
Asia Stocks Advance But China Shares Fall on Growth Fears
China Oil Giant CNOOC Seen Exiting West Over Sanctions Risk
China’s Mineral Dominance a Challenge for US: Think Tank
Yen Falls to 20-Year Low Against US Dollar – Nikkei Asia

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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