Korean tech groups SK Hynix and LG Display joined US tech giants in reporting big slowdowns in growth and warning things are going to get worse, fanning recession fears.

The world's second-largest memory chipmaker, said its 2023 investment would be cut by more than half, and warned of uncertainty on its operations in Wuxi, China after US export curbs

The onshore yuan finished the domestic session at 7.1825 per dollar, the strongest since October 12, while its offshore counterpart traded at 7.2151 at around 0830 GMT.

Over the past week Japanese officials have spent close to $62 billion propping up the yen against the soaring dollar

But Germany's economy and foreign ministries were still advising against the deal, even with the amended terms.

The world is facing its "first truly global energy crisis" but IEA chief says that has sped up the transition to clean, renewable sources of power.

Securities regulators recently asked fund managers to prevent an excessive proportion of institutional investors in money market funds. At least 20% must be invested in liquid assets.

China's onshore yuan dropped to a near 15-year low on Tuesday after global investors dumped Chinese stocks and assets on Monday

The dollar weathered more suspected intervention to stabilise the yen on Monday, and even though officials are spending billions to defend the currency the BoJ is tipped to stick with its low rate policy

The Chinese memory chipmaker YMTC has asked US employees to leave group in a bid to comply with the export restrictions imposed recently by the Biden Administration

Hong Kong stock index falls over 6% to levels last seen in the 2008 crisis, with shares of Alibaba and Tencent down 10% and 8% on fears economic growth will be sacrificed for ideological policies

Gross domestic product (GDP) rose 3.9% in the July to September quarter over 2021, official data showed on Monday, with exports up but home prices down and youth unemployment near 18%