China's blue-chip index fell 1.24%, while the Hang Seng sank by 1.8% – to levels seen last November. Investors appear to have lost faith in Beijing's ability to restore economic momentum

The move effectively raised the cost of shorting the Chinese yuan, at a time the local unit is facing mounting depreciation pressure. It follows similar action last week.

Hedge fund EDL says China's weakening offshore currency could be the markets’ next 'black swan event'

The PBOC's unexpected move on Tuesday comes as data for July showed weak retail sales and industrial growth. Analysts say more support is urgently needed to avoid a 'downward spiral'

The Bank of Japan has stuck to its ultra-loose monetary policy as global central banks have hiked interest rates, making returns in other countries look more attractive

Customs data on Tuesday showed imports dropped 12.4% in July year-on-year, while exports were down 14.5% amid weak demand both at home and abroad

Most markets in the Asia-Pacific rose on Friday, with a pledge of support from China's central bank for the property sector and local governments bolstering its key exchanges

The new governor of the People's Bank of China has been described by some as a hawkish and capable technocrat experienced in crisis management

Senior leaders' vow to bolster support for China's ailing economy lifted the yuan and stocks on local markets on Tuesday

Treasury Secretary Janet Yellen and the State Bank of Vietnam Governor announced the agreements in a statement as Yellen wrapped up a visit to Hanoi, amid a push to boost bilateral ties

India, the world's third biggest oil importer and consumer, currently pays for UAE oil in dollars but is looking to cut transaction costs by eliminating conversions

The latest official data shows the economy grew just 0.8% from the previous quarter, on a seasonally adjusted basis; youth unemployment has hit a record 21.3%