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Latest: Asia Stock Market News

Industrial Bank’s lock-up period for 563 million shares to end
Industrial Bank’s lock-up period for 563 million shares to end

(ATF) – Industrial Bank (601166. SH) will sell 563 million restricted shares on April 7, accounting for 2.71%...

China cuts RRR for small-, medium-sized banks
China cuts RRR for small-, medium-sized banks

(ATF) – The People’s Bank of China (PBOC) is to cut the reserve requirement ratio (RRR) for small...

Luckin Coffee apologises for fraud scandal
Luckin Coffee apologises for fraud scandal

BEIJING: Luckin Coffee, China’s biggest rival to Starbucks, apologised on Sunday after it revealed a top executive may have...

Spanish PM in plea for ‘coronabonds’ crisis funding
Nearly four billion masks sold abroad, China says
Markets cheer coronavirus spread slowdown, oil tumbles
China accuses US of technology ‘bullying’
China’s Ministry of Finance backs rise in govt bonds
Dollar up sharply as financial stress kicks back in
Bourses retreat ahead of jobs data, earnings

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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