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Latest: Asia Stock Market News

Korea’s March Inflation Hits Decade High as Supply Snags Bite
Korea’s March Inflation Hits Decade High as Supply Snags Bite

South Korea's consumer prices rose at their fastest pace in more than a decade in March as the Ukraine war fuelled surging energy and commodity costs

Nio in Talks on Licensing EV Battery Swap Technology – FT
Nio in Talks on Licensing EV Battery Swap Technology – FT

Chinese EV maker Nio is in talks with several other carmakers about licensing battery swapping technology that is at the heart of the group's strategy to win over motorists in Europe

Huawei Pays $9.6bn in Dividends to Current and Retired Staff
Huawei Pays $9.6bn in Dividends to Current and Retired Staff

Huawei paid out dividends totalling 61.4 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, a filing with the Shanghai Clearing House shows

Musk Posts Poll for Twitter Edit Button, CEO Says Vote Carefully
China’s Shein Valued at $100Bn in Funding Round – WSJ
Russia, China Woes Risk Worst Default Wave Since 2009 – JPMorgan
Global Growth Outlook Darkens on Rate Hikes: Chart of the Day
Musk Discloses 9.2% Stake in Twitter Sending Shares Soaring
Biden Rebuffed as Ties With Saudi, UAE Hit New Low – Guardian
Asian Stocks Advance as Tech Firms Lead Hong Kong Charge

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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