Many see Iran's conservatives winning Friday's election, but that's more to do with reformists losing favor than hard-liners gaining popularity, said Tan Feng Qin of the Middle East Institute at the National University of Singapore.
Malaysian police revealed this week that Jho Low, the fugitive businessman at the center of the 1MDB scandal, could be hiding in Wuhan, the epicenter of the coronavirous outbreak in China.
China's Ministry of Commerce said Friday that the resumption of work has been rapidly increasing in major foreign trade provinces such as Guangdong and Jiangsu.
The Singapore government has set aside 5.6 billion Singapore dollars ($4.02 billion) to help businesses, workers and households weather the economic hit from the spread of the new coronavirus called COVID-19.
Japan's government and auto industry are establishing a new task force to combat the impact of the coronavirus on the country's automotive manufacturing.
In a move that was largely in line with expectations, China cut the loan prime rate on Thursday. The 1-year LPR was reduced by 10 basis points, while the 5-year LPR saw a 5 basis points deduction.
BlackRock's Neeraj Seth tells CNBC that China is likely to introduce more measures to combat the economic impact of the coronavirus outbreak that has delayed the return of operations in factories.
In a speech that he made on Feb. 3 which was released over the weekend, Xi said: "Currently, we still have to deliver this year's economic and social targets."
Read the latest stock market news and analysis on Asia Pacific in regions from Japan, China, Singapore, Australia, to New Zealand. Find business; finance; economy, stocks, and global economy news on CNBC's Asia Pacific page.