Oil prices surged after Saudi Arabia and other OPEC+ producers announced a shock round of output cuts, lifting energy stocks

The semiconductor sector’s troubles were also blamed for the decrease with the Asian powerhouse a major global tech player

Volkswagen executive Stefan Mecha said the firm is committed to investing $16.26 billion in the world’s biggest auto market by 2024

The real estate firm was among many Chinese developers that defaulted last year as the sector reeled under a debt crisis

The firm said it was now "out of crisis mode” following years of painful US curbs and sanctions that blitzed its telecoms business

The Cyberspace Administration of China said the move was aimed at protecting supply chains and national security

The region’s investors saw out the quarter in an upbeat mood with an air of calm returning after last week’s banking crisis threat

The high-end Human Horizons-owned marque will follow other Chinese EV makers into Europe, including Xpeng, BYD, Great Wall Motors and Aiways

The Bank of Communications, Bank of China, Agricultural Bank of China, China Construction Bank and Industrial and Commercial Bank of China all posted positive results

Tech stocks held on to their gains on Thursday, propping up indexes across the region, following Chinese tech giant Alibaba’s break-up plan

The drop was blamed on the city’s repeated Covid shutdowns and came after Beijing also posted its first population decrease since 2003

Analysts fear the gains are distorting markets, starving other sectors of cash, as desperate investors hope to get in on the next ChatGPT