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.
Posted
and last updated
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
,
Weather
Friday
11/21/2025
Cloudy
-° / 47°
5%
Saturday
11/22/2025
Mostly Clear
61° / 45°
8%
Sunday
11/23/2025
Mostly Clear
64° / 44°
12%
Monday
11/24/2025
Partly Cloudy
62° / 46°
7%
Tuesday
11/25/2025
Partly Cloudy
62° / 45°
10%
Wednesday
11/26/2025
Partly Cloudy
62° / 46°
6%
Thursday
11/27/2025
Partly Cloudy
62° / 46°
6%
Friday
11/28/2025
Partly Cloudy
61° / 47°
24%