MoneyBusiness

Actions

Asian stocks follow Wall Street higher on bank news

Posted
and last updated

BEIJING (AP) — Asian stock markets have followed Wall Street higher after U.S. regulators removed some limits on the ability of banks to make investments. Benchmarks in Tokyo, Sydney and Southeast Asia advanced on Friday while Hong Kong declined. Chinese markets were closed for a holiday. Investors were encouraged by the U.S. decision to expand the ability of banks to pursue a wider variety of investments to help shore up slim profits amid low interest rates. Meanwhile, the United States reported its economy shrank by 5% in the latest quarter, and forecasters expect worse in the present period. 

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Tuesday

05/12/2026

Partly Cloudy

-° / 63°

1%

Wednesday

05/13/2026

Mostly Clear

88° / 61°

0%

Thursday

05/14/2026

Clear

91° / 63°

0%

Friday

05/15/2026

Clear

94° / 64°

0%

Saturday

05/16/2026

Clear

88° / 60°

0%

Sunday

05/17/2026

Clear

87° / 62°

0%

Monday

05/18/2026

Clear

92° / 64°

0%

Tuesday

05/19/2026

Partly Cloudy

98° / 67°

0%