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Latest: Asia Stock Market News

Musk Sells $4bn Tesla Shares After Twitter Bid – CNBC
Musk Sells $4bn Tesla Shares After Twitter Bid – CNBC

“No further TSLA sales planned after today," Musk wrote on Twitter after the US Securities and Exchange Commission filings became public on Thursday evening

China Slashes Stock Transfer Fees to Boost Markets
China Slashes Stock Transfer Fees to Boost Markets

The benchmark Shanghai Composite Index has slumped more than 8% in April, heading for its worst month in six years

Vale’s Indonesian Unit Signs Nickel Deal With China Partner
Vale’s Indonesian Unit Signs Nickel Deal With China Partner

Vale will supply nickel ore for the facility that will use high-pressure acid leaching (HPAL) to produce up to 120,000 tonnes of nickel content per year

China Economy in Worst Shape in 30 Years, Says PAG – FT
China Stocks Boosted by Stimulus Pledge, Falling Covid Cases
Huawei Revenues Drop 13.9% as Handset Share Declines
StanChart Profit Rises 6% Despite Covid Hit to China Units
Yen Plunges as BoJ Vows to Hold Bond Yields at Zero
China’s BYD Posts 241% Profit Rise on EV, Battery Demand
Archegos Founder Hwang Faces 11 Charges – Telegraph

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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