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Latest: Asia Stock Market News

Nikkei Rallies on Rate Cut Bets, China Data Weighs on Hang Seng
Nikkei Rallies on Rate Cut Bets, China Data Weighs on Hang Seng

Increased hopes that the US will dodge a recession and shortening odds on a Fed rate cut soon encouraged risk-taking

Japanese Officials Seek $4.7bn Valuation for Tokyo Metro IPO
Japanese Officials Seek $4.7bn Valuation for Tokyo Metro IPO

Government wants a 700-billion-yen valuation for the subway operator for an IPO that could occur in coming months

Hedge Funds Place ‘Trump Trade’ Bets as US Rate Cut Looms
Hedge Funds Place ‘Trump Trade’ Bets as US Rate Cut Looms

Funds have been dumping industrials and buying energy stocks, amid expectation the oil and gas sector will boom if Trump wins the US election, Goldman Sachs says

Hang Seng Lifted by Banking, Gold Boosts; Yen Weighs on Nikkei
China’s Weak Economic Growth Spurs Talk of Cash Vouchers
US Tech Firms Face ‘Death Spiral’ From New China Curbs: Lawmakers
China Says Local Government Debt Crisis Has Eased, But Has It?
China’s Central Bank Deflates Long Rally in Government Bonds
Nikkei Jumps as US Slowdown Fears Fade, Tech Boost for Hang Seng
Thaksin’s Daughter Paetongtarn Becomes Thailand’s Youngest PM

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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