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Latest: Asia Stock Market News

Shanghai Exchange STAR Gazing With Launch of Next-Gen IT Index
Shanghai Exchange STAR Gazing With Launch of Next-Gen IT Index

Board will track web and cloud computing, big data services and AI firms; STAR market a science and tech-focused equities market established in 2019

E-Commerce Firm Bukalapak Raises $1.5bn in Indonesia’s Biggest IPO
E-Commerce Firm Bukalapak Raises $1.5bn in Indonesia’s Biggest IPO

• Country’s first tech unicorn valued at about $6 billion • Microsoft and GIC are among the firm’s backers  ...

Malaysia’s Maybank Commits to $11.9bn Sustainable Finance Framework
Malaysia’s Maybank Commits to $11.9bn Sustainable Finance Framework

Chief Exec Abdul Farid Alias says bank is transitioning to ESG compliance; Lender to scale up existing green, social and sustainability bonds

Top Oil Producers Agree on Modest Output Boost From August
China Vows to Curb Commodities Speculation to Ensure Price Stability
Asia’s Traders Cautious as Growth, Covid and Inflation Fears Grip
Morgan Stanley Credits Asian Demand for Return to Global Equity Top Slot
Asian Markets Slump After US Inflation Rate Hits 13-Year High
Earnings Season Optimism Boosts Traders’ Mood But Covid Threat Remains
Tencent’s Takeover of Sogou Endorsed by China Regulator

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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