Japan's Nikkei closed at a five-week low while South Korea hit its lowest levels since November 2020 and shares in Kuala Lumpur ended at their lowest point in two years
Shares in Japan, Taiwan, South Korea, Malaysia and Thailand all posted their worst weekly performances for some time as global recession fears gripped
The Nikkei scratched out a small gain but most of the region’s markets fell back as fears of recession dominate the outlook
The threat of a harsh rate hike by the Fed saw a dark cloud settle over the region’s markets, though China traders were buoyed by positive May factory numbers
Traders across the region were still reeling after Monday’s pummelling but there were gains in China and a minor bounceback in Tokyo
Investors across the region were encouraged by a Wall Street rally despite ongoing concerns about growth and inflation in a post-pandemic world
Traders across the region were lifted by China’s return to normal after weeks of Covid lockdowns but surging commodity prices continued to weigh
Tech firms responded positively to the news the US is reviewing its tariffs on Chinese goods, while China’s easing Covid situation also helped
Japan’s Nikkei ended the week on a two-month high but trading was thin with markets in Hong Kong and China closed
China’s markets were lifted by easing Covid curbs and new stimulus measures but global recession worries cast a shadow over Hong Kong and Tokyo
China shares hit a five-week high as foreign inflows surged ahead of Covid-hit Shanghai’s reopening, but Tokyo stocks eased, with rising US yields worrying investors
But confidence on trading floors still remains thin over soaring prices, tighter monetary policy, China's Covid lockdowns and war in Ukraine