India's economy grew at a faster rate than China for a second straight quarter, but concerns remain over the government's new way of calculating its data.
China shares plunged, briefly touching correction territory in volatile trade, but analysts aren't paying it much attention.
Japan data painted a divergent picture, with industrial production and inflation beating forecasts, but consumers kept their wallets shut.
Much of the support for expanding Asian trade is coming for states with the most to gain, according to a CNBC analysis.
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Despite hitting a two-week low against the U.S. dollar, the Indian rupee remains poised for a "real trade-weighted appreciation", says Mirza Baig, Asian currency strategist at BNP Paribas.
China's stock market bull market remains intact, says Wong Kok Hoi, Founder & CIO at APS Asset Management
Ian Bright, senior economist at ING, discusses a survey which revealed that wedding budgets in Europe are shrinking due to the ripple effects of a slowing economy.