China stocks bucked the regional trend as persistent Covid-19 outbreaks darkened the economic outlook for the world's No2 economy

Petitions to wind up debt-laden companies have been filed against other Chinese property developers in Hong Kong, including China Evergrande Group

Chinese shipments to Russia rose 26.5% from a year earlier in August while imports from Russia jumped 59%

Traders across the region were in downbeat mood with the US Federal Reserve and other central banks set to tighten rates again

The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine

The pledge to intensify the search for core tech breakthroughs comes after last week’s US ban on AI chip exports to China

China's top banks face narrowing margins as they’ve also been asked by Beijing to boost their lending to the country's struggling economy

Hynix’s parent, the SK Group, also recently announced plans to build a chip packaging facility in the United States

The gloomy global outlook and Europe’s Russian gas crisis weighed on sentiment but there were hopes of more economic support from Beijing

Businesses in Japan and South Korea were bracing themselves as Typhoon Hinnamnor began to pound their shores

Stocks across the region slipped lower after Russia shut a major gas pipeline to Europe sparking fears of recession

Chinese tech chiefs at the World Artificial Intelligence Conference in Shanghai are said to be looking at speeding up their own AI chip development programme