Southern China has been hit by heavy rains for the seventh consecutive day due to a typhoon, causing flooding and trapping residents. The typhoon, Haikui, has weakened to a tropical storm but continues to cause havoc in the region. The city of Shenzhen experienced the heaviest rain since records began in 1952, while Hong Kong faced its worst storm in 140 years.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal