Asian markets were mixed on Thursday with Chinese and Japanese stocks slipping ahead of an update on the US economy and an ECB rate hike decision

Shares in Japan closed at their highest level in nearly seven weeks, while world stocks also hit a five-week high and most Asian currencies also eked out gains after a decline in the dollar index

Securities regulators recently asked fund managers to prevent an excessive proportion of institutional investors in money market funds. At least 20% must be invested in liquid assets.

Hong Kong stock index falls over 6% to levels last seen in the 2008 crisis, with shares of Alibaba and Tencent down 10% and 8% on fears economic growth will be sacrificed for ideological policies

The territory's Mandatory Provision Fund lost $32.98 billion, equating to $7,197.63 per person, the South China Morning Post reported

Shares of the lithium battery maker slipped slightly after it listed on the Hong Kong Exchange on Thursday, but the company raised $1.28 billion from its IPO.

Wall Street has suffered the longest losing streak for the S&P and Nasdaq Composite since the Global Financial Crisis in 2007-09

Asian markets had a mixed day on Friday with most markets down, bar India. Overall, equity investors experienced their worst month since the onset of the Covid-19 pandemic

The China Aviation Lithium Battery Co plans to use the proceeds to build new battery production lines

About 10 officials from the China Securities Regulatory Commission and the Ministry of Finance have arrived in Hong Kong to aid and monitor the audit inspection, sources say

Banks agreed $180.63bn in new yuan loans last month, up from July but below analysts' expectations, PBOC data revealed

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