Asian stocks advanced on Thursday, as tech stocks surged amid continued hype over artificial intelligence. Mainland Chinese markets remained closed for the National Day holiday. Hong Kong 's Hang Seng Index jumped 1.6 percent to 27,287.12 as traders returned to their desks after a holiday.Alibaba shares rallied 3.5 percent after JPMorgan raised its price target on the stock. Semiconductor giant SM...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.