Legendary investor Anthony Bolton has said his optimism on China has been "severely tested" after the sell-off in September hammered share prices, while his trust saw its NAV fall 29% over the last six months.
Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March.
Japan has intervened to weaken the yen for the second time in three months after the currency hit a fresh record high against the dollar.
Jupiter CIO John Chatfeild-Roberts and his Merlin multi-manager team have said clear warning signs are beginning to emerge on Chinese growth prospects as well as the outlook for natural resources.
Japanese investment trusts' high concentration to small and mid caps has paid off, with the sector outperforming the open-ended space over the past year.
China has warned of a possible trade war as the US Senate voted in favour of debating laws which could pressure it to let the renminbi rise.