Asia shares stumble with worries over growth in China’s Covid-affected economy continuing to weigh heavy on sentiment

Mainland China and Hong Kong shares advanced but Tokyo retreated with investors distracted by war in Europe and soaring global prices

President Biden said he was thinking about dropping some of Trump’s China tariffs, which boosted sentiment but Covid and inflation still cast a shadow

Tokyo and Hong Kong advanced but traders remain concerned about surging global prices, war in Europe and Covid in China

Bargain hunters were busy on Asia’s trading floors as fears of a global recession intensify with prices soaring worldwide and supply chains snarled

The prospect of major rate hikes with US prices soaring sent the region’s markets into a tailspin with tech stocks like JD.com leading the plunge

A Wall Street rout sparked a slump across Asia on a gloomy day for investors worried about growth in China and war in Eastern Europe

China blue-chips fell as trade data highlighted impact of Beijing’s strict Covid restrictions and lockdowns on world’s No-2 economy

Market attention has now jumped to China’s capital where authorities are in a race to keep a lid on the latest coronavirus outbreak

Markets were surprised by central bank’s caution knocking optimism over Beijing’s pledges to support China’s slowing economy

China stocks closed up after Beijing promised a cut in the reserve requirement ratio, while Hong Kong and Tokyo were buoyed by falls in US bond yields

Chinese investors were in downbeat mood as Covid outbreaks and weak imports dented sentiment while traders in Hong Kong and Tokyo shrugged off soaring US prices