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Latest: Asia Stock Market News

‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm
‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm

Dutch chip machine giant suffers major stock slump, which sees SAP become the EU's top tech stock; but analysts say the AI chip boom is still in play

McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ
McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ

US consultancy is cutting about 500 jobs - a third of its business - to reduce security risks while working in China

Australia’s Robust Jobs Market Dims Hope of 2024 Rate Cut
Australia’s Robust Jobs Market Dims Hope of 2024 Rate Cut

Strong employment data from September ends speculation of an interest rate cut this year by the Reserve Bank, as inflation remains sticky

Musk Promises Starlink to India After Ambani Challenge Quashed
State-Linked China Group Wants Review of Intel Sales in Country
Tokyo University Scientists ‘Turn Carbon Dioxide Into Green Fuel’
US Researchers Make Cement With 98% Less CO2 – New Atlas
China’s Bankers, Fund Managers Ditch Careers Amid Crackdown
All-Time-High EV Sales in China Defy Slowdown Worry
Scientists Fear Nature’s Carbon Sinks Are Failing – Guardian

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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