SINGAPORE: Asian shares surged on Wednesday as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.68% higher, with Hong Kong's Hang Seng index rising over 2%, buoyed by Alibaba after the Chinese e-commerce conglomerate announced its break-up plans.
