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Latest: Asia Stock Market News

CBL Insurance Fraud Defendant Dies Before Trial – NZ Herald
CBL Insurance Fraud Defendant Dies Before Trial – NZ Herald

Hutchison was a non-executive director when the NZX-listed company collapsed in 2018 with a market capitalisation of $508 million

China Boosts Local Government Special Bonds – Xinhua
China Boosts Local Government Special Bonds – Xinhua

The advance allocation is aimed to mitigate economic pressure in the first quarter of next year, finance vice-minister Xu Hongcai said

China Property’s $170bn Bonus Bill Risks Instability: Nomura
China Property’s $170bn Bonus Bill Risks Instability: Nomura

China's property developers may struggle to pay annual bonuses as local governments lock up funds and bond maturities double, says Nomura.

Asian Markets Advance But Omicron Uncertainty Weighs
SE Asians Turning to Riskier Investments, Says Schroders
US Markets Seek New Listings as Chinese Companies Retreat – FT
China Sees Record Issuance of ETFs Although Size Shrinks
China Developers Flag Risks After Sharp Share Rebound
Global Investors Pump Money Into China Equity ETFs – FT
Asian Stocks Bounce Back But Omicron Lockdown Fears Persist

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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