Asian stocks fall amid China crackdown

HONG KONG: Equities fell in Asia on Friday morning, setting them up to end a volatile week on a negative note as China's regulatory crackdown continued to spook investors.

The losses came despite a positive lead from Wall Street where traders were cheered by data showing the US economy returned to its pre-pandemic size in the second quarter but fell short of forecasts, which eased pressure on the Federal Reserve to begin tapering its ultra-loose monetary policies.