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China's "closed loop" system, which had been relied on by many factories throughout the zero-Covid era, is also beginning to fall apart
Investors were still buoyed by the Bank of Japan’s shock move to loosen its leash on government bond yields but China’s Covid woes weighed too
Companies are likely to face stronger rules and scrutiny in 2023 in regard to environmental policies, to ensure they have 'climate-friendly' supply chains and investment policies
Japan's main share gauge closed at a more than two-month low while China’s indexes were under pressure again as its hospitals struggled to cope with a virus surge
The services unit’s pledged shares were last enforced a year ago, when the group's ownership was reduced from 60.96%
"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
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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