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Latest: Asia Stock Market News

ChemChina’s $10bn Syngenta IPO set to be 2021’s biggest flotation
ChemChina’s $10bn Syngenta IPO set to be 2021’s biggest flotation

Chinese state-owned chemical company will use proceeds of the launch of the $60bn-valued Swiss firm it bought in 2017 for R&D, new investments and to pay off debts

Asia’s markets trail in the wake of another Wall St record-breaker
Asia’s markets trail in the wake of another Wall St record-breaker

The unrelenting momentum of post-pandemic growth in the US continued to spread optimism across trading floors despite worries over Covid’s resurgence and new lockdowns being imposed

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

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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