Tokyo slid backwards, following Wall Street’s lead, as a rise in oil prices and the political stand-off in Washington dampened enthusiasm on trading floors.
Washington trade chief Katherine Tai is preparing to unveil the US administration’s plan for dealing with Beijing’s ‘lack of adherence to global trading norms’
The troubled property giant’s struggles, added to continued pressure from China's crackdowns on its tech firms and casinos, saw the Hang Seng shed more than 2%
The Nikkei fell by more than 2% with traders preoccupied with unfolding events in the United States and the slow post-pandemic global recovery
Concerns over surging prices in the States as well as Biden’s struggle to gain approval for his huge infrastructure plan – and the ongoing Evergrande crisis – brought an air of gloom to the region’s markets
Uncertainty over whether the struggling property giant paid interest on an offshore bond due last week and the absence of any action from Beijing have left traders in limbo
Casino shares clawed back some of their losses after Beijing’s latest regulatory assault but traders remained cautious after mixed data from the US
Factory gate inflation in the US soared to over 8% in August while China’s continuing regulatory crackdown saw market heavyweight Alibaba plunge more than 4% after officials ordered sweeping changes to payment app Alipay
• Fears US inflation data could spark Fed reaction and pandemic support cooling • But investors boosted by progress on...
Alibaba, Tencent and ByteDance among 20 firms summoned to ministry summit; President Joe Biden's $1 trillion infrastructure bill inches towards approval