Live News: Temu owner PDD moves HQ to Dublin from Shanghai

by The Insights

Shanghai Cooperation Organization: SCO foreign ministers will meet in Goa, India. The eight SCO members are India, Kazakhstan, China, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan.

Economic data : Singapore releases retail sales data for March, while Caixin releases a Services Sector Purchasing Managers Index for China, which is expected to provide insight into the pace of economic recovery in the country.

Markets: Futures fell in Japan but rose in Hong Kong. Markets in Tokyo were closed on Wednesday for a public holiday and have been closed in mainland China all week. Investors will watch for any catch-up in Asia from several days of losses in the United States, where stocks were hit by renewed fears about the health of the country’s regional banks and hawkish comments from the Federal Reserve.

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