The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.

The yuan on Monday extended a decline it has endured for the past five months, while China's economy remains mired in concerns about Covid and heightened international tensions

Some analysts have said the US tech giant could face a drop in demand given China's weak economy and the slump in smartphone sales in the second quarter.

The threat of delisting Chinese stocks from major US exchanges could be a bonanza for the Hong Kong Stock Exchange, if more firms follow Alibaba and do a dual primary listing in the city

Seven executives of Ant have left the Alibaba Partnership, the body that elects the e-commerce giant's board, following a demand by regulators that the two tech giants be 'decoupled'

Officials say penalty will mark end of year-long probe into group's operations, cybersecurity practices and handling of personal data. Didi would then be able to list in Hong Kong, report says.

Analysts said the yen's tumbling value against the dollar caused share price boosts for automakers and microchip producers

Shares in BYD plummeted by close to 12% on Tuesday amid speculation that US billionaire investor Warren Buffett may sell shares in China's top electric vehicle producer.

The energy utility's Tokyo-listed shares fell 6% in afternoon trading on Wednesday after a report it might join a state-backed bid to buy the troubled conglomerate

Relaxed Covid rules and economic support statements are reversing earlier outflows from China's equity markets.

Bank for International Settlements advised that interest rates should be raised "quickly and decisively" to prevent the surge in global inflation turning into a bigger crisis.

The legendary boomtown in southern China, which posted at least 20% annual economic growth over the past four decades, is a different place today.