The halt in the Asian risk rally came as Friday's non-farm payroll data underscored the resilience of the US labour market

China sat out of the global risk rally after a group of Republican lawmakers said battery companies CATL and Gotion should be banned from shipping goods to the US

Shares across Asia were boosted by advances in the euro ahead of the European Central Bank policy meeting, but pared gains amid caution

The clean energy sector was the biggest driver of China’s economic growth in 2023, contributing 40% of its expansion

Focus in the region was on how Indian markets performed after stocks sank and the rupee slid a day before

TSMC is currently prohibited from producing advanced processors for China, as it uses American chipmaking tools, and hence falls under the purview of recent sanctions

Last month, China announced "historic" steps to stabilise the sector, with the central bank easing mortgage rules and facilitating $140 billion in extra funding

Earlier this week a top US official called on European and NATO countries to send a collective message of concern to China

"Although stock markets have performed strongly in May, just in the last week it seems very stressed," one analyst said, pointing to investor jitters on inflation expectations

TikTok’s Chinese parent company has ordered engineers to split the app's recommendation algorithm — a tedious task involving millions of lines of code, according to a new report

The latest halt in the global risk rally comes on the back of data pointing to lingering inflationary pressures across major economies

Stronger than expected consumer confidence data pushed US government bond yields to a near four-week peak, lifting their global counterparts