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Latest: Asia Stock Market News

Chinese officials put flood damage at $20.5 billion
Chinese officials put flood damage at $20.5 billion

(ATF) The flood crisis centred on China’s Yangtze River basin has taken a staggering toll. And, of course,...

China’s AI industry to balloon as new infrastructure unfolds
China’s AI industry to balloon as new infrastructure unfolds

(ATF) A new report lays out China’s plan for the development of Artificial Intelligence (AI), especially within the context...

China reviewing the conduct of its pharma companies
Gold pauses … as it awaits more signals of doom?
China’s brokerages report robust H1 growth
PBoC injects 70bn yuan into market
Tesla hiring in Shanghai as production ramps up
Markets edge higher eyeing dovish Fed
Gold hits new record, equities up on US stimulus hope

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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