A sell-off fever has gripped Asian markets. China's slowdown, the falling oil price, the banking system - the global prospect appears to be very gloomy.
China's top financial officials have moved to reassure investors amid a sharp fall in Chinese stocks. In rare joint statements, they described the recent rout as "abnormal" and vowed to take steps to curb the sell-off.
The ten-member ASEAN and its partners are meeting this week amid worries the US-China trade row will negatively impact the region. The summit is expected to see progress made on a China-backed regional trade pact.
Asian shares have jumped to three-week highs following a report that US President Donald Trump is aiming for a swift trade deal with China. The news came only days after Washington had threatened more punitive tariffs.
After a diplomatic ice age that has lasted a few years, China and Japan are warming to one another again. Japan is also making deals with India. These are signs of a changed paradigm in Asia, DW's Frank Sieren writes.
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