Asia shares fall on China slowdown fears, but lower yields limit losses

HONG KONG: Fears of a sharp economic slowdown in China and higher oil prices weighed on most Asian stocks on Thursday, but a dip in U.S. treasury yields offered some relief for broader markets worried by the prospect of aggressive rate hikes.

Chinese and Hong Kong shares hit month lows and the yuan fell to its lowest in six months as Shanghai authorities said tough COVID-19 restrictions would remain in place.