Equities were on the slide across the Asia-Pacific fuelled by concerns over China’s economic slowdown and soaring global prices
Asian shares were lifted by positive messages from the US Fed, dismissing fears of more hefty rate rate hikes, but growth worries weighed on the mood in Hong Kong
Hong Kong was in retreat on a holiday-affected trading day with investors nervously waiting for the US to reveal how far it will lift borrowing costs
Hong Kong bucked the trend across the region finding some minor gains but Sydney, Seoul and Taipei suffered as fears over global growth and inflation dominated
Reports of an agreement in the long-running US-China delisting row also buoyed investors with Hong Kong tech firms surging
China’s Premier Li Keqiang promised to revive disrupted supply chains, as a further fall in daily Covid cases in the country also lifted sentiment across the region
Chinese investors were lifted by signals that Beijing would prioritise growth but its markets are still set for their largest monthly fall since 2016
Market attention has now jumped to China’s capital where authorities are in a race to keep a lid on the latest coronavirus outbreak
China’s worsening Covid situation saw its stock markets suffer their worst day in 27 months with investors worried over its impact on global supply chains
Chinese stocks neared two-year lows as Shanghai extended its lockdown restrictions, hitting hopes of growth in the world’s No2 economy
Chinese and Hong Kong shares dipped to four-week lows and the yuan fell to its lowest in six months as Shanghai’s Covid lockdown continued
Markets were surprised by central bank’s caution knocking optimism over Beijing’s pledges to support China’s slowing economy