The prospect of major rate hikes with US prices soaring sent the region’s markets into a tailspin with tech stocks like JD.com leading the plunge
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.
A Wall Street rout sparked a slump across Asia on a gloomy day for investors worried about growth in China and war in Eastern Europe
China blue-chips fell as trade data highlighted impact of Beijing’s strict Covid restrictions and lockdowns on world’s No-2 economy
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
Tokyo, Seoul, Mumbai, Manila and Wellington all fell with traders preoccupied by this week’s critical Fed chiefs meeting
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