Asian stocks advanced on Tuesday as investors gained some optimism from talks aimed at ending the Russian military assault on Ukraine. U.S. President Joe Biden said on Monday Americans should not worry about a nuclear war after Moscow put its nuclear deterrent on high alert.
Chinese shares rose after official data showed factory activity in the country picked up momentum in February following the Lunar New Year holiday. Services activity also grew at a faster pace in the month.
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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.