Singapore's High Court has granted a temporary reprieve to troubled South Korean giant Hanjin, allowing its ships to sail into the city-state without fear of being impounded as it struggles to settle a US$5.37-billion debt.
South Korean stocks led most Asian markets lower Friday after the North conducted another nuclear test, while trading was also hit by worries over global central bank policy easing.
Thailand and Vietnam have won deals to supply a total of 250,000 tons of rice to the Philippines after the two countries reduced their selling prices to suit Manila's budget.
Most Asian markets tumbled for a second day Wednesday, extending a global retreat, with Tokyo taking a hit from a strong yen after Japan's economy-boosting stimulus program fell flat with investors.
Most Asia markets rose Tuesday but Tokyo sank on a strong yen as traders await central bank meetings in Japan and the United States this week.
Asian markets mostly rose Thursday following a fresh Wall Street record as traders are pumped up by strong corporate results and expectations of fresh stimulus.
The Asian Development Bank said Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies' performance will remain solid and help offset softness from the U.S. economy and near-term market shocks from Britain's vote to exit from the European Union.
Asian markets rallied again on Wednesday with investors taking heart from another record close on Wall Street and talk of central bank stimulus, while China released better than expected export figures for June.
Asian stocks ended the week with another rally Friday on optimism that central banks globally will step up to support growth in the face of uncertainty caused by Britain's vote to quit the European Union.
Investors' taste for risk picked up in Asian currency trading Thursday with the South Korean won and Malaysian ringgit rising on stimulus hopes and as fears about Britain's exit from the EU ease.