US and UK stock markets are closed on Monday for Memorial Day. On Monday, Hong Kong stocks surged 1.17% to 18,827, bouncing back from the index's largest weekly drop since January. The upswing was driven by news that profits for industrial companies in China increased by 4 percent in April compared to the previous month. The Nikkei 225 share average rose by 0.66% to end at 38,900, while the broader Topix increased by 0.87%, closing at 2,766. Ongoing concerns about the Bank of Japan's bond purchases and potential rate hikes were in focus as Governor Kazuo Ueda and Deputy Shinichi Uchida spoke, leading to higher ... (full story)