Investors were in uncertain mood with Japan’s Nikkei heading upwards boosted by energy stocks while tech equities pulled Hon Kong’s Hang Seng down
Oil prices surged after Saudi Arabia and other OPEC+ producers announced a shock round of output cuts, lifting energy stocks
The region’s investors saw out the quarter in an upbeat mood with an air of calm returning after last week’s banking crisis threat
Tech stocks held on to their gains on Thursday, propping up indexes across the region, following Chinese tech giant Alibaba’s break-up plan
Japan’s Nikkei and Hong Kong’s Hang Seng powered ahead lifted by hopes China’s regulatory assault on its tech firms might be over
A deal to buy failed Silicon Valley Bank calmed nervous investors but doubts linger about brittleness in the banking sector
Worries over a potential banking crisis continued to haunt trading floors while superpower frictions weighed on sentiment too
Japan’s Nikkei and Hong Kong’s Hang Seng both suffered as nervous investors shunned riskier assets on Friday
The region’s investors didn’t know which way to turn on Thursday after the US Fed hinted at a softening on rate hikes but also stiffened its resolve on inflation
Japan’s Nikkei saw its biggest boost in two months while the Hang Seng was also lifted by a Wall St rally as banking confidence returned
But investors across the region remained on edge with all eyes on the US Federal Reserve’s next move on interest rates
Investors shied away from risky assets on Monday as the threat of a banking crisis in Europe weighed heavy on sentiment