Share average sees biggest rise in three weeks, while the currency – which dropped 1.7% on Tuesday – paused in forex trading after a warning of intervention from a senior official

The squeeze on business profits was underscored by factory gate prices contracting sharply this month, a sub-index in the PMI survey showed

Shares rose slightly on markets in mainland China but dropped in Hong Kong, while Japan, Seoul and Sydney rebounded after three days of falls; Asian currencies edged higher

PBOC governor Pan Gongsheng said he will focus on bolstering domestic demand and neutralizing financial risks

Sources say the Modi government has become uncomfortable with using yuan for settlement, while refining sources said settlement in yuan also increases Indian traders' costs

Foreign exchange reserves across the region have taken a hit as central banks grapple with strong greenback and China's defence of its yuan

Putin’s trip comes at a crucial time for China’s Xi, who is also likely to meet with US President Joe Biden next month

CSRC seeks to bolster the yuan by imposing a ban on local brokerages and their units overseas from opening accounts for new clients wanting to trade offshore

Tokyo said it was ready to take any action if the yen’s instability carries on much longer – even though some analysts doubt whether they can make a difference

China’s blue-chip dipped 0.8%, with Hong Kong’s Hang Seng and the ASX in Sydney both tumbling 1.3%, while the BSE Sensex in Mumbai was also down 0.85%.

Over 160 companies have lost their licences to exchange money since the coup in Myanmar for failing to adhere to the central bank's official exchange rate, while a notoriously rich general has been ousted

Tokyo, Hong Kong, Shanghai, Sydney, Mumbai and Singapore, all dropped on Wednesday, as did the smaller regional markets in Wellington, Manila, Taipei and Bangkok.