China’s financials led a post-May Day holiday rally as tourism rebounded but worries over US banks’ struggles cast a shadow
Japan’s Nikkei and China’s mainland markets were closed while Hong Kong saw the end of a four-day winning run
First Republic Bank’s asset sale to JPMorgan Chase calmed some jitters but many are wondering which bank will buckle next
Tokyo’s benchmark index was one of the few across Asia trading on May Day, posting gains off the back of a weak yen
Asian investors were in upbeat mood at the end of the week, lifted by positive reports from Meta, Microsoft and Google
US lender First Republic Bank’s struggles continued to unsettle investors already fearing an economic downturn
The First Republic Bank’s woes troubled investors while positive news from Google and Microsoft boosted sentiment in tech-heavy Hong Kong
Japan’s Nikkei reached its highest point since last August while mainland China stocks slumped for a fifth straight session
Traders across the region kept their powder dry with a deluge of earnings reports dropping this week and some key economic figures too
Investors were preoccupied with the prospects of the world’s leading two economies as well as concerns over the AI bubble bursting soon
Japan’s Nikkei and Hong Kong’s Hang Seng were on the front foot thanks to tech optimism but elsewhere China’s uneven recovery concerned investors
Japan’s Nikkei ended an eight-day rally as its tech stocks suffered while Hong Kong’s Hang Seng also retreated despite hopeful signs for its technology firms