State hackers stole technology secrets from about 30 multinationals in the energy, manufacturing and pharmaceutical fields in East Asia, Europe and North America since 2019, it said

The shock move, at an unscheduled monetary policy committee meeting, caused bond yields to spike and the rupee to firm.

A Harvard tech researcher has questioned the view that China shot itself in the foot by cracking down on its tech giants, saying a closer look shows it could advance their national interests

The Weibo and WeChat accounts of Hong Hao, a prominent Hong Kong analyst, were blocked on Saturday after a series of downbeat comments amid China's stock markets slump

South Korea's inflation rate jumped by 4.8% in April, raising expectation of further interest rate rises by the country's central bank

RBA governor Philip Lowe said it was appropriate to start normalising monetary conditions as inflation was more than expected, but the economic outlook was still positive

Israel's ISMC will invest almost $3 billion in India's first semiconductor fabrication plant in Karnataka state, Mint reported.

Japan's famously thrifty consumers are tightening their belts despite sitting on an estimated 50 trillion yen ($383bn) in savings accrued during the pandemic

Chinese officials met with local and foreign banks to discuss how to protect overseas assets from sanctions such as those imposed on Russia for invading Ukraine, the FT said

WeChat said on Friday it will reveal users' locations when they post on the country's popular messaging service

The funding puts the industry in the tricky position of pushing for grants but facing headwinds to investment in Chinese factories and financial backing of Chinese startups

E-commerce giants Alibaba, JD.com, and Meituan all closed up more than 15% while the Hang Seng Tech index climbed more than 10%.