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Latest: Asia Stock Market News

China Providing 90% of Chips Used in Russia, Despite Sanctions
China Providing 90% of Chips Used in Russia, Despite Sanctions

A new report, by chip expert Chris Miller, said shipments from China accounted for 88% of the chips Russia acquired, measured by dollar value, in the first half of 2023

Row Over Fair Car Trade Continues as Scholz Lands in China
Row Over Fair Car Trade Continues as Scholz Lands in China

Scholz pressed his case for an open and fair European market for Chinese cars but warned against dumping, overproduction and intellectual property infringements

Nikkei, Hang Seng Dip on Israel-Iran Fears, China Stocks Gain
Nikkei, Hang Seng Dip on Israel-Iran Fears, China Stocks Gain

Escalating tensions in the Middle East put pressure on equities while gold and the US dollar strengthened

China Proposes New Trading, Listing Rules to Revive Market
China Orders Telecoms to End Use of US Chips by 2027 – WSJ
China Property Fears Weigh on Hang Seng, Tech Lifts Nikkei
Excess Capacity Claim is Wrong, We’re More Competitive: China
Four Chinese Firms Blacklisted for Seeking AI Chips for Military
Nikkei, Hang Seng Dip on Fading US Rate Cut Hopes
Hong Kong Poised to Green-Light First Spot Bitcoin ETFs

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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