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Latest: Asia Stock Market News

Momentum of rising yuan weakens
Momentum of rising yuan weakens

(ATF) On January 28, the onshore yuan exchange rate against the US dollar fell more...

China’s last-gasp bid to curb the great migration as Covid spread
China’s last-gasp bid to curb the great migration as Covid spread

(ATF) China is pleading with its migrant workers to stay where they are for the New Year Festival...

Chinese FX fixings come against a confusing policy backdrop
Chinese FX fixings come against a confusing policy backdrop

(AFX) China announced FX fixings on January 26 against a confusing backdrop of some liquidity tightening, followed by...

Week of new virus clusters takes shine off bond surge
Stocks fall as lockdown concerns outweigh stimulus cheer
Bad debts chipping away at Tsinghua Unigroup’s domination dream
Fiscal spending optimism sustains rally
China hopes staying power can see it through Covid-hit New Year
TikTok owner ByteDance launches mobile payment service for China
Biden trade gives market rally legs

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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