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Nidec CEO Mitsuya Kishida addresses the fallout of an accounting scandal in a press conference in Tokyo on March 3.

Asian stocks plunged the most in nearly a year, led by the biggest South Korean crash since the global financial crisis in 2008. Bloomberg's Avril Hong reports.

Control Bionics (ASX:CBL) said its flagship NeuroNode device has secured a statutory reimbursement listing in Germany.

Nuchev (ASX:NUC) has entered into a pivotal distribution agreement with H&S Global (Au), marking a fundamental shift in the company's commercial strategy.

Treasurer Jim Chalmers hails a "stronger and broader" Australian economy as annual GDP growth climbs from 2.1% to 2.6%.

Melbourne-based Nexalis Therapeutics (ASX:NX1) has enrolled the first participant in its Phase 1 clinical trial for IRX-616a.

The Australian Council of Trade Unions has formally petitioned the Albanese Government to legislatively increase the nation’s minimum annual leave from four weeks to five.

Terrain Minerals (ASX:TMX) completed an extensive 7,739-metre drilling program at its 100% owned Smokebush Gold-Silver Project.

Horizon Gold (ASX:HRN) announced a $30.2 million equity raising to accelerate exploration and development at its flagship Gum Creek Gold Project in Western Australia.

OD6 Metals (ASX:OD6) announced a landmark strategic acquisition of district-scale, ultra high-grade fluorspar projects in Nevada.

Kerry Craig of JPMorgan Asset Management says Asian markets are experiencing continued repositioning by investors. He sees the moves as driven by rotation within portfolios rather than thinking about "a big flight away from risk assets at the moment."

China has surpassed Japan to become Australia's largest source of new vehicles in for the first time in a single month.