Hong Kong’s tech firms rallied strongly as traders welcomed an easing of Covid containment measures in Shanghai and Beijing
China stocks closed higher as investors took comfort in lower Covid-19 cases, while US President Joe Biden's decision to consider eliminating Trump-era tariffs on Beijing lifted risk appetite.
Concerns of rising raw material costs and supply chain bottlenecks weighed on manufacturing companies across China, Taiwan and South Korea
Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities
Values of Asian equities dropped to a 17-month low at the end of October on concerns over China's weakening economy and pandemic related factors