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Latest: Asia Stock Market News

Grocery app Dingdong rings the changes on US IPO target after Missfresh misstep
Grocery app Dingdong rings the changes on US IPO target after Missfresh misstep

The SoftBank-backed Chinese operation is now hoping to raise just $94.4 million compared to earlier expectations of up to $357 million after watching rival slump on its market debut

Traders concerned at Covid’s return drag Asian markets down
Traders concerned at Covid’s return drag Asian markets down

Equities across the region mostly fell off down as virus spikes had a ripple effect across trading floors but investors remain upbeat about the longer term with vaccine rollouts accelerating

Facebook legal win takes value over $1 trln; Asian giants could benefit from rally
Facebook legal win takes value over $1 trln; Asian giants could benefit from rally

Facebook hits $1 trillion value for first time after key legal victory that helps drive a renewed tech stock rally...

Regulator hits pause on game developer Krafton’s $5 billion IPO
China News Digest June 28 – fuel costs rising, supplies of key resources ranked
Asian markets edge down on low-key storm-hit day
High material costs slow China’s industrial profit growth
China prepares for launch of carbon trading
China firms may fund rail link in Cameroon to disputed iron ore projects
China’s local governments issued $70bn of special bonds in May

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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