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

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