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Latest: Asia Stock Market News

China’s Xpeng surges 67% on U.S. debut, raises $1.5 billion in IPO
China’s Xpeng surges 67% on U.S. debut, raises $1.5 billion in IPO

Shares of Chinese electric vehicle (EV) maker Xpeng jumped as much as 67% after its US...

Fiscally challenged China wants smaller firms to issue bonds, not take loans
Fiscally challenged China wants smaller firms to issue bonds, not take loans

(ATF) China’s government is promoting bond-financed infrastructure projects as a way to help the private sector...

The inexorable rise of the Chinese yuan
The inexorable rise of the Chinese yuan

(ATF) The People’s Bank of China (PBoC) set yuan parity with the US dollar at 6.8903 on Thursday...

Australian and Chinese markets boosted by data
Alibaba in talks to hike stake in China courier YTO Express
Covid may push Japan’s credit costs to crisis levels: BOJ man
CEO Mayer jumps ship as TikTok fights ban in courts
Korean central bank cuts GDP outlook, open to stimulus
Chinese EV maker Xpeng increases US IPO size to $1.5 billion
China’s industrial profits grow at fastest pace since mid-2018

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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