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Latest: Asia Stock Market News

Chinese Officials Admit its Economic Goals ‘Full of Contradictions’
Chinese Officials Admit its Economic Goals ‘Full of Contradictions’

Notes from the plenum had no details on how Beijing plans to reach its goals, such as getting consumers to spend more when resources go mainly to producers and infrastructure

UK Urged to Block Shein Listing Over Labour, Tax Claims – ST
UK Urged to Block Shein Listing Over Labour, Tax Claims – ST

Say No to Shein campaign wants the British government to block Shein’s application to list on the London Stock Exchange

Hang Seng Slumps on Policy Doubts, Global Fears Weigh on Nikkei
Hang Seng Slumps on Policy Doubts, Global Fears Weigh on Nikkei

The absence of concrete stimulus promises out of China’s key leadership summit added to an air of pessimism across the region’s bourses

Global IT Outage Hits Airlines, Microsoft, Media, Huge List of Firms
Chip Stocks Lose Near $600 Billion in Value On China Tech Fears
Russian Mining Giant Keen to Build China Nickel Plant for Batteries
Zero-Carbon Breakthrough For Industry’s Dirty Businesses – NA
Tech Tensions Weigh on Nikkei, Policy Bets Boost Hang Seng
‘Garbage Time’ – China’s New Expression of Economic Despair
ASML Has Sold One in Two Chipmaking Machines to China This Year

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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