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

Friday

11/07/2025

Mostly Clear

-° / 53°

2%

Saturday

11/08/2025

Clear

77° / 54°

4%

Sunday

11/09/2025

Mostly Clear

83° / 54°

2%

Monday

11/10/2025

Partly Cloudy

83° / 56°

1%

Tuesday

11/11/2025

Partly Cloudy

81° / 60°

0%

Wednesday

11/12/2025

Partly Cloudy

80° / 57°

11%

Thursday

11/13/2025

Light Rain

71° / 55°

70%

Friday

11/14/2025

Showers

61° / 50°

42%