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Latest: Asia Stock Market News

China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP
China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP

Antimony is used as a hardener in lead for storage batteries, plus alloys with lead and tin to improve solders and bullets, and in semiconductor devices

Japan’s Economy Grew 3.1% in 2nd Quarter on Consumption Rise
Japan’s Economy Grew 3.1% in 2nd Quarter on Consumption Rise

The strong rise in consumption supports the case for another near-term interest rate hike

Hang Seng Dips Despite Stimulus Bets, Data Boost For Nikkei
Hang Seng Dips Despite Stimulus Bets, Data Boost For Nikkei

Fresh inflation data reassured investors the US Federal Reserve could finally start cutting rates next month

Political Upheaval Seen Hitting Thailand’s Sluggish Economy
Factory Activity in China Slows For Third Straight Month
SoftBank Ditches Planned AI Chips Tie-up With Intel – FT
Climate Change ‘Fuelled’ Rain That Led to Fatal Indian Landslides
Thailand’s Top Court Dismisses Prime Minister Srettha – AP
Nikkei Gains on Kishida Departure, Lending Drop Hits Hang Seng
Japanese PM Kishida Says He Will Resign Next Month

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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