"China's growth outlook is subject to significant risks, stemming from the uncertain trajectory of the pandemic," the World Bank said
The Japanese yen hit a four-month high, while the Nikkei share index fell 2.5% after the Bank of Japan shocked markets on Tuesday by lifting the cap on bond yield controls.
Chinese are concerned over the uncertain economic outlook with Covid surging and Xi Jinping's "common prosperity" drive to cut income inequality, asset managers say
Stocks in China suffered their biggest fall in seven weeks, while Hong Kong, Tokyo, Sydney and most of Southeast Asia also declined. Indian markets, however, enjoyed a small rise.
The survey suggests that the Chinese economy "may be heading for recession in 2023," World Economics said
China's rocky exit from zero-Covid has forced banks and financiers to dust off plans devised to cope with the health crisis, injecting greater of unpredictability into markets
Investors were in downbeat mood at the end of the week as central banks around the world upped interest rates and warned of more to come
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.