The world’s No1 and No3 economies also face other issues as the global economy struggles to recover after two years of Covid disruptions

Vietnamese EV maker set to take on legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9

Banks agreed $180.63bn in new yuan loans last month, up from July but below analysts' expectations, PBOC data revealed

China's demand for gasoline, diesel and jet fuel could fall by 380,000 barrels a day this year - the first decline in 20 years, largely because of Covid curbs

Traders across the region responded positively to US and EU central banks’ determination to beat inflation and a weaker US dollar

Japan’s industry chief warned US officials its new rules restricting tax credits to EVs assembled in North America could be illegal

Japan is to spend $24bn on support measures as inflation soars in the world’s No3 economy, while the yen’s plunge also has Tokyo worried

China stocks bucked the regional trend as persistent Covid-19 outbreaks darkened the economic outlook for the world's No2 economy

Petitions to wind up debt-laden companies have been filed against other Chinese property developers in Hong Kong, including China Evergrande Group

Chinese shipments to Russia rose 26.5% from a year earlier in August while imports from Russia jumped 59%

Traders across the region were in downbeat mood with the US Federal Reserve and other central banks set to tighten rates again

The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine