Asian stocks rise as anxiety about the global financial system begin to fade following three high-profile bank failures
Asian shares surge as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
Asian stocks have been broadly up to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six groups. Alibaba is one of China's most prominent tech firms, with operations spanning cloud computing, e-commerce, logistics, media and entertainment and artificial intelligence.
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