Asian stocks followed Wall Street higher on Monday as tech stocks rebounded from recent string of losses. Investors shrugged off data showing that China's manufacturing sector expanded at a slower pace in January amid Covid-19 outbreaks in the country.
Chinese and South Korean markets were closed for the Lunar New Year holiday. Hong Kong's Hang Seng iIndex jumped 1.1 percent to close at 23,802.26, with technology stocks leading gains. Hong Kong markets will be closed from February 1 to February 3 and will resume on February 4.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.