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Latest: Asia Stock Market News

Lockdown in China’s Tangshan Prompts Jump in Steel Prices
Lockdown in China’s Tangshan Prompts Jump in Steel Prices

The Tangshan government implemented a temporary lockdown on Tuesday to avoid further cases of Covid-19 as infections surged, the local government said

Hyundai Shipyard Sells $300m in Green Bonds – Korea Herald
Hyundai Shipyard Sells $300m in Green Bonds – Korea Herald

Hyundai Heavy Industries said proceeds from the green-bond sale would be used to finance eco-friendly vessels and set up sustainable growth based on ESG management

China-Owned Lanvin Hopes to Put US IPOs Back in Fashion
China-Owned Lanvin Hopes to Put US IPOs Back in Fashion

The SPAC announcement came less than two weeks after US regulators named five New York-listed Chinese companies that face delisting

Geely Expects Chip Shortage, Rising Prices to Hit Profit
Hong Kong’s Stock Exchange Launches First Carbon ETF
BIS Completes Project to Develop Platforms for Multiple CBDCs
Kaisa Shares Slide as Chinese Developer Delays Earnings
EQT Buys Stake in China’s Largest Pest Control Firm
China Battery Makers Gain Global Share as Lithium Soars: Credit Suisse
SE Asia Pandemic Recovery Faces Headwinds, Says ADB

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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