Latest rate hike by the US Fed forced the PBOC set a midpoint rate of 7.2472 per dollar, 275 pips or 0.28% weaker than the previous fix, and the softest since January 2008

Chinese leader promises to help its troubled neighbour, but calls for progress on the bilateral economic corridor and Gwadar port

Tokyo spent up to 6.4 trillion yen over two consecutive trading days of unannounced interventions, its finance ministry revealed on Monday

The Japanese government said on Friday it will create an extra budget worth $200.8 billion to fund a package to help households and businesses cope with rising living costs.

Imports totalled $89.66 billion in the first nine months of this year as India purchased more Chinese machinery and intermediate goods, the Hindu said

The onshore yuan finished the domestic session at 7.1825 per dollar, the strongest since October 12, while its offshore counterpart traded at 7.2151 at around 0830 GMT.

Over the past week Japanese officials have spent close to $62 billion propping up the yen against the soaring dollar

China's onshore yuan dropped to a near 15-year low on Tuesday after global investors dumped Chinese stocks and assets on Monday

The dollar weathered more suspected intervention to stabilise the yen on Monday, and even though officials are spending billions to defend the currency the BoJ is tipped to stick with its low rate policy

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

China's yuan sank to its lowest level since January 2008 on Friday, despite major state banks selling dollars to try to stabilise the weakening currency

Japan's core consumer inflation rate rose 3% last month to a new high, adding pressure on the Bank of Japan and its soft interest rate policy, which has caused the yen to plummet