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Latest: Asia Stock Market News

China Ramped Up Oil Purchases After Xi Met Putin, Traders Say
China Ramped Up Oil Purchases After Xi Met Putin, Traders Say

China boosted purchases for its oil reserves even as oil prices soared, despite US calls for a coordinated release of stocks to cool the market

Chinese Payment Stocks Soar Amid SWIFT Curbs Against Russia
Chinese Payment Stocks Soar Amid SWIFT Curbs Against Russia

SWIFT sanctions against Russia seen as an event that will curb use of the dollar. Shares of payment firms such as Newland Digital Tech, Lakala Payment and Client Service rose strongly

Chinese EV Maker Nio Eyes Hong Kong, Singapore Secondary Listings
Chinese EV Maker Nio Eyes Hong Kong, Singapore Secondary Listings

The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city - but not raise capital or issue new shares

Zip Announces $491m Takeover of BNPL Rival Sezzle – SMH
Asia Markets Brace For Turmoil As Russia Faces SWIFT Cut-Off
How Russia’s Ukraine Invasion Has Hit World Markets
India Agrees To 20% Foreign Stake In Insurer LIC’s Mega IPO
Asia Markets Recover As Traders Weigh Russia Sanctions
Chinese Online Retailer Shein Puts US IPO on Hold
Former India Stock Exchange Official Arrested in ‘Guru’ Probe

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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