Latest: Asia Stock Market News

Analysts say China's latest military drills, held from Saturday to Monday, show Beijing is serious about being able to cut off the democratically ruled island in a conflict

Investors across the region were also keeping their powder dry ahead of a crucial US inflation report due out later in the day

The sale is part of a series of similar moves by Berkshire, which started selling its BYD shares in late August last year

The Kospi in Korea, the ASX 200 in Australia and the Nikkei in Japan all rose more than 1%; Hong Kong was also up, while Shanghai edged down slightly after more negative data on Tuesday

Companies that fall foul of the new rules, likely to come into effect sometime this year, could have their services suspended, face fines or even face a criminal investigation

Australia will suspend a case it lodged at the WTO, while China does a prompt review into duties imposed on the grain; there is hope also their dispute on wine can also be resolved

"Until our company's official announcement, any Ernie app you see from App Store or other stores are fake," the Chinese search engine giant said in a statement