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Latest: Asia Stock Market News

‘Creating financial disorder’ is now a crime in China
‘Creating financial disorder’ is now a crime in China

(ATF) The latest amendments to China’s criminal law raise penalties for fraudulent issuance of stocks and...

Online teaching startup Zuoyebang raises US$750m
Online teaching startup Zuoyebang raises US$750m

(ATF) Zuoyebang, China’s largest online education startup in terms of user base,...

Industrial profit decline slows
Industrial profit decline slows

(ATF) Profits of China’s major industrial firms dropped 19.3% year-on-year in the first five months of...

PBoC vows to step up coronavirus recovery efforts
US Covid cases rise at record pace, FX impact negligible
China local-currency bond market largest in East Asia
Investors confident economies will stay open despite Covid spike
PPP projects surge
Chinese goods held up at Indian ports
Markets broadly firm on recovery hopes

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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