The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.

Most Asian markets rose Monday on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened by worries over the China outlook after President Xi Jinping tightened his grip on power.

The yen's sell-off has fed broader concerns for the world's third-largest economy, as it is driving already surging import bills for everything from fuel to food, and challenges the Bank of Japan's fierce commitment to ultra-low rates in the face of rapid global monetary tightening to combat rampant inflation. 

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a US official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime revenue.

The pound dipped 0.21 percent to $1.1215 in early Asian trade, after a brief rally to a high of $1.1338 in the previous session after Truss announced her resignation.

Asian equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar regained its strength as surging inflation, interest rate hikes and recession fears returned to the fore.

“In my personal opinion, Blibli will not be so different from Bukalapak or GoTo. I even think they’re somewhat late,” said Indonesian Digital Empowerment Community (IDIEC) chair Tesar Sandikapura.

In Indonesia, southeast Asian pulp and paper producers are continuing to expand production, putting the country's remaining forests under pressure.

Asian shares were mostly higher on Wednesday, with US corporate earnings aiding sentiment, while traders awaited British inflation readings later in the day for clues on how hawkish central banks need to be to fight inflation. 

European equities rose with sterling Tuesday after the UK government scrapped a controversial debt-funded mini-budget. Most Asian markets gained earlier in the day.

Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal. 

Tokyo stocks ended lower on profit-taking following sharp gains on Friday and lackluster automakers amid fears over a possible US recession resulting from the Federal Reserve's aggressive interest rate hikes.

The long-awaited IPO of e-commerce platform Blibli aims to raise around US$530 million when it lists its shares on the Indonesian bourse next month.

Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for a further drastic tightening in global financial conditions, with all the risks of recession that brings.

Asian shares tracked Wall Street higher on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.6 percent in early Asia trade. Australia's resources-heavy share index gained 1.6 percent, South Korea advanced 2.1 percent, while Japan's Nikkei jumped 2.8 percent.

Equities fell in Asia and the dollar maintained its strength Thursday ahead of the release of US inflation data that could determine the pace of Federal Reserve interest rate hikes.

The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for US inflation data and its impact on further Federal Reserve rate hikes.

Hong Kong's stock benchmark on Tuesday fell below 17,000 points for the first time in 11 years, after China vowed to stick to its zero-COVID policy, adding to slowdown concerns amid heightened US tech crackdowns and aggressive overseas rate hikes.

Stocks skidded lower in Asia on Monday after a surprise drop in US unemployment quashed any thought of a pivot on policy tightening ahead of a reading on inflation which is expected to see core prices move higher again.

Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.

Asian shares were cautiously higher on Thursday, while the dollar eased ahead of US non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.

Hong Kong stocks soared Wednesday as investors returned from a public holiday to play catch-up, with a global rally fueled by easing concerns about central bank interest rate hikes.

The Financial Services Authority (OJK) has upgraded its target for the growth of the domestic capital market to more than Rp 182 trillion this year, more than 4 percent higher than initially projected.

Stocks drifted in Asia on Monday as investors await key US jobs data, while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates.

The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies fell sharply after European inflation hit a record high and US consumer spending increased faster than expected.

Asian shares on Friday were headed for their worst month since the onset of COVID-19, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about a global recession and rising geopolitical risk.

Sterling slid as low as $1.0763 in early morning London deals, one day after the BoE snapped up long-dated government bonds in order to prevent a "material risk" to stability.

Asian stocks rallied Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a fresh financial catastrophe.

The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed.

Asian share markets tumbled on Wednesday as surging borrowing costs intensified fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows.