"A more dovish Fed means the likelihood of recession in 2024 has fallen considerably," one market analyst said

Market watchers got what they expected but still predict Beijing will deliver some easing in the new year in a bid to kickstart China’s economy

The surge in Indian equities follows US Fed Chair Jerome Powell's acknowledgment of the risks of delaying rate cuts

Troubles at multiple Chinese shadow banks show how a faltering property sector is causing strain throughout the country's financial system

High interest rates, sticky inflation and geopolitical tensions have seen share sales by Asia-Pacific companies touch their lowest levels since 2012

India's Nifty 50 index has rallied nearly 16% so far this year while Hong Kong's benchmark Hang Seng index has dived 17%

The rating agency was reportedly worried over a possible backlash to its announcement targeting employees in Beijing and Shanghai

Both Indian benchmark indexes registered record closes for a third straight day on Wednesday, backed by a dream run in technology, energy and financial stocks

Rating agency's downgrade of China outlook puts pressure on Beijing to impose more forceful measures to prop up stocks and stabilize the yuan

Chinese indexes saw double digit falls in the number of IPOs, compared to last year, amid geopolitical tensions with the West and increasing scrutiny from Beijing regulators

Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen