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Latest: Asia Stock Market News

India Cuts Tax on Crude Palm Oil Imports to Help Consumers, Refiners
India Cuts Tax on Crude Palm Oil Imports to Help Consumers, Refiners

A reduction in the tax will widen the gap between crude palm oil and refined palm oil import duties, effectively making it cheaper for refiners to import crude palm oil

Indian Crypto Exchanges Report Jump in New Investors – BL
Indian Crypto Exchanges Report Jump in New Investors – BL

New investors or users joining the platforms have increased by 35-59% across exchanges, the report claimed

New York To See First Chinese IPO in Seven Months – Nikkei
New York To See First Chinese IPO in Seven Months – Nikkei

Healthcare supplies maker Meihua International Medical Technologies is on track to price its debut share sale, which would raise up to $57.5 million

Life Insurance Corporation Files for India’s Largest IPO
Invasion Would Spur Decisive Response, Biden Tells Putin
Worries Over Ukraine Invasion Hit US Stocks, Lift Oil Prices
Asia Stocks Slip As US Inflation Shock Sparks Rate Fears
China Developer Zhenro’s Shares, Bonds Plummet
Canada Goose Cuts Forecast Amid China, Covid Concerns
US FDA Urges China’s Innovent to Conduct Local Drug Trial

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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