Good morning, and welcome to Tuesday’s Asia Links
Global stocks have worst day since June 2020 -- S&P 500: -3.2%, Nasdaq: -4.3%, China CSI: -0.8%, FTSE: -2.32% (FT, WSJ)
Bitcoin is 55% off its November highs (WSJ)
Sri Lankan Prime Minister Mahinda Rajapaksa – the president’s brother -- resigns amid ongoing protests (FT, BBC)
Bongbong Marcos sweeps Philippines polls (Inquirer, Reuters, AP, NY Times, SCMP, BBC, Guardian, FT, WSJ)
China’s March trade growth slows to 3.9% y/y as demand drops and lockdowns hit supply (FT, WSJ, SCMP, Reuters)
Q1 trade up 7.9% (People’s Daily)
China ramps up support for small businesses hit by covid lockdowns (Caixin)
China likely to hit annual growth target (People’s Daily)
World on course to breach 1.5C warming threshold within five years (FT)
China’s climate-focused funds surpass US with $47 billion in assets (Bloomberg)
India struggles with heatwave killing crops, shutting schools (Washington Post)
China’s sea levels touched new high in 2021, government data show (Reuters)
China will boost Russia ties in military tech and energy, top envoy says (SCMP)
Blackrock cuts back on China exposure on macro, geopolitical concerns (Reuters)
India’s LIC IPO oversubscribed 3 times (Reuters)
Goldman pauses works on new Spacs after SEC takes tougher stance (FT)
Thai army to boycott e-commerce giant Lazada after royalists outraged by promotional video (Reuters)
US announces plans to combat illegal fishing in the Pacific (Reuters)
UN to meet on Wednesday to discuss North Korean missile tests (Reuters)
Wonkery: explaining the disappointing trade effects of regional trade agreements (VoxEU)
Elon Musk warns aging Japan could ‘eventually cease to exist’ (Nikkei Asia)
Crypto bros descend on ‘Silicon Bali’ (FT)
And finally: A 13-year old boy has looked after himself and his pets for 66 days after his parents were caught in Shanghai lockdown (SCMP)