Asia

Chinese stocks sank deeper into bear market territory on Tuesday as fears over a credit crunch in China escalated.

Investors should be cutting their exposure to Asia and emerging markets and looking more to the developed world, according to F&C co-head of multi-manager Gary Potter.

Martin Currie has hired Damian Taylor as investment manager in its Edinburgh-based Asian equities team.

Japanese equities have started to regain some of the ground lost since the end of last week after the Nikkei rose 1.2% in Tuesday's trading.

Henderson Global Investors' £12.7bn property business has appointed Tony He as director of property for its Chinese consultancy.

ASIA

The International Monetary Fund(IMF) has warned strong capital inflows into Asia have increased the risks from rapid credit growth and rising asset prices.

Martin Currie has set up an investment hub in Singapore to focus on its growing client base in Asia.

The board of the Schroder Oriental Income investment trust, managed by Asian specialist Matthew Dobbs, is considering issuing C-shares to meet investor demand.

Asian markets rebounded strongly overnight, recovering from their worst one day falls since last July, as eurozone contagion fears receded following Cyprus' controversial bailout package.