POSITIVE DEVELOPMENT Aerial photo taken on Thursday, May 26, 2022, shows the scenery of advection fog in Xiamen, southeast China’s Fujian Province. Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the way as forecast-beating earnings reports by tech titans Alibaba and Baidu sent their shares soaring. XINHUA PHOTOHONG KONG: Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the way as forecast-beating earnings reports by tech titans Alibaba and Baidu sent their shares soaring. Investors were in a buying mood on Friday as Hong Kong jumped more than 3 percent with market heavyweight Alibaba piling on more than 12 percent and search engine Baidu advancing more than 15 percent. "I don't know how much this move higher is going to go because I don't think the fundamentals really justify it near term.

Source: Manila Times May 28, 2022 05:22 UTC