A protectionist shift in US politics will spell further bad news for China’s currency and equities

China's recent policy stimulus has triggered a furious rally in stocks, though that euphoria has turned into caution in past weeks

Hong Kong's benchmark saw the biggest losses in Asia with China's Politburo meeting announcing no new detailed efforts to boost the world's second-biggest economy

Among the biggest drags on Nikkei was Toyota Motor, which slid 2.6% amid continued fallout from a safety test certification scandal

The latest halt in the global risk rally comes on the back of data pointing to lingering inflationary pressures across major economies

The debut gave Zeekr a fully diluted valuation of $6.8 billion, or about half the $13 billion it fetched after a funding round last year

Expectations of an easier US monetary policy also boosted investor sentiment across Asia after inflation data on Friday fuelled rate-cut hopes

Nikkei heavyweights with a significant presence in China have seen mega rallies, especially in the chip sector

But how long the market recovery will last remains to be seen, given that broader data out of the world’s second-largest economy continues to disappoint

The threat of overpriced shares, as well as possible political change and regulatory uncertainty, have failed to deter the reflow of cash

The move will give “all types of investors more time to digest market information” and create “a fairer market order," China's markets regulator said

Along with Ma, Alibaba chairman Joe Tsai also purchased about $151 million worth of Alibaba's US-traded shares