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Latest: Asia Stock Market News

China Ramps up Spending on Housing Projects to $562bn
China Ramps up Spending on Housing Projects to $562bn

Minister vows to expand its "white list" of housing projects for priority funding, while banks boost lending for developments to 4 trillion yuan ($562 billion) by year-end

TSMC’s Upbeat Outlook Could Spur Return to Trillion-Dollar Cap
TSMC’s Upbeat Outlook Could Spur Return to Trillion-Dollar Cap

TSMC's latest update delights investors and spurs a rally in chip stocks before the start of trading in the US

‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm
‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm

Dutch chip machine giant suffers major stock slump, which sees SAP become the EU's top tech stock; but analysts say the AI chip boom is still in play

McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ
Australia’s Robust Jobs Market Dims Hope of 2024 Rate Cut
Musk Promises Starlink to India After Ambani Challenge Quashed
State-Linked China Group Wants Review of Intel Sales in Country
Tokyo University Scientists ‘Turn Carbon Dioxide Into Green Fuel’
US Researchers Make Cement With 98% Less CO2 – New Atlas
China’s Bankers, Fund Managers Ditch Careers Amid Crackdown

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Asia stock market insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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