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Latest: Asia Stock Market News

Alibaba-Backed Brokerage on Verge of Bond Default – Mingtiandi
Alibaba-Backed Brokerage on Verge of Bond Default – Mingtiandi

Brokerage and data provider E-House China said it continues to explore ways to secure the requisite funds to repay the 2022 Notes on the maturity date

Didi Sets Shareholder Meeting on May 23 to Vote on US Delisting
Didi Sets Shareholder Meeting on May 23 to Vote on US Delisting

Ride-hailing firm says it won't apply to list shares on any other stock exchange before the delisting of its American Depositary Shares from NYSE is complete.

As China Reits Gain Traction, Regulators Mull Expansion – Caixin
As China Reits Gain Traction, Regulators Mull Expansion – Caixin

Beijing's bid to hasten economic growth and raise funds to finance infrastructure may provide a boost to the emerging market for Reits

China Cuts Banks’ Reserve Requirement as Economy Slows
Russia May be in Default if Bonds Not Paid in USD: Moody’s
China Stocks Slide as PBOC Resists Pressure to Drop Rates
Biggest US Banks See First Quarter Profits Fall – WSJ
Japan Denies Monetary Policy Manipulates Currency
India’s SAIL Launches Share-Pledge Suit – Economic Times
PE Company Could Make Rival Twitter Bid – New York Post

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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