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Latest: Asia Stock Market News

‘Big six’ banks pulled in 31.bn yuan per day in 2019
‘Big six’ banks pulled in 31.bn yuan per day in 2019

(ATF) – China’s “big six” state-owned banks reported combined net profit that earned them 3.1 billion yuan...

Liberalisation plan for oil, gas industry in East China Pilot FTZ
Liberalisation plan for oil, gas industry in East China Pilot FTZ

(ATF) – The State Council has approved measures to support the opening-up of the oil and gas industry...

China’s central bank skips reverse repos
China’s central bank skips reverse repos

(ATF) – The People’s Bank of China (PBOC), China’s central bank, skipped reverse repos on Thursday, citing reasonably...

First yuan bond issued in Central Asia
More economists now using the D word: depression
China fears scourge of unemployment
Moody’s gives Asia-Pacific banks a ‘negative outlook’
Trump “pain” forecast puts renewed bid into dollar
PMI data rattles
Bipolar day for Yinhua Securities

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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