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Analysts polled by Reuters expect Japan's economy to shrink an annualised 22.0% in the current quarter, which would be the biggest decline on record and underscores the collapse in activity that is expected to see the worst global slump since the Great Depression of the 1930s.

Andre Vltchek — a political analyst and writer of Russian origin — recalled having tried to reason with the rioters when he was in Hong Kong covering the violent protests.

Analysts said that downward pressure may continue to weigh on the Chinese economy this year, but the expected supportive policies will gradually take effect and lead to improvement in the economy in the second half of this year.

An unnamed Blue House official told local reporters earlier in the day that the meeting between the emissaries and the DPRK leader bore fruits, which were "not disappointing."

Analysts believe that the torrid growth of China's fintech sector will inevitably slow, which will present both challenges and opportunities for the companies, especially as more mature regulations are imposed, and a degree of consolidation may take place.