US Treasury Secretary Janet Yellen said the US expects China to meet its commitments under the trade deal signed with President Trump, but could eventually lower some tariffs in a reciprocal way.

Yango real estate group wants to exchange some dollar bonds and change terms of its other bonds to improve liquidity. The offer applies to $747m of notes due in early 2022 and Feb 2023.

Prime Minister Fumio Kishida's Liberal Democratic Party lost seats in the election, but the LDP still retains a parliamentary majority. The result was cheered by investors.

Hong Kong and Shanghai markets got some support after news that troubled property giant China Evergrande had made an overdue interest payment, but other markets were subdued on Friday.

Kaisa is seeking buyers for its Hong Kong-listed property management unit and two residential sites in the city, people with knowledge of the matter said on Friday.

Asia-focused investment firm PAG is aiming to raise $9bn in its largest buyout fund. It plans to list a merged entity of two Chinese industrial gas companies, sources say.

Developers took a drubbing on Thursday, with shares and bonds falling, creditors seizing assets and more downgrades from rating agencies ahead of a new debt deadline for Evergrande Group.

China will defer some taxes for manufacturing firms for three months from November due to the impact of high raw material prices and rising production costs, the cabinet said on Wednesday

State economic planning agency tells construction companies to repay their international debts – days ahead of another payment deadline for developer China Evergrande

Chinese developers tell regulators at the NDRC and SAFE they want to extend the maturity on their offshore bonds or undertake a debt restructuring

Four million residents were ordered to stay at home on Tuesday as officials sought to curb a Covid spike in the north. Mass testing is underway in 11 provinces, with child vaccinations in some areas.

Asia's markets mostly rose after fresh records on Wall Street, but concerns over China's zero-Covid policies limited gains.