Asian equities bounce as China calms markets

HONG KONG: Chinese equities bounced on another day of volatility across Asia Friday as investors were panicked by Beijing’s attempts to stabilize its beleaguered markets, with fears growing the global economy could be teetering.

China late Thursday removed the “circuit breaker” mechanism blamed for fuelling sharp sell-offs that shuttered mainland markets early twice in the space of four days, provoking losses on trading floors from Asia to Europe and the Americas.