The first batch of blue-chip stocks to list under China's registration-based initial public offering (IPO) system surged in their Monday debut despite tepidness in the broader market.

Growing fears of a US recession weighed on equities Thursday as traders gear up for the release of key jobs data that could determine the Federal Reserve's next interest rate decision.

The US dollar was broadly higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with traders wagering the Federal Reserve may need to increase interest rates at its next meeting.

Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a surprise cut of more than 1 million barrels per day.

Most Asian markets built on a global rally Friday as worries about the banking sector fade and traders grow optimistic central banks are near the end of their interest rate hiking cycle.

President Joko “Jokowi” Widodo drew attention to the shortage of fertilizer in Indonesia and announced efforts to increase domestic production.

Asian markets were mixed Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.

Stock markets rose solidly Wednesday on easing fears of contagion from the banking crisis.

Crude palm oil (CPO) production in Indonesia, the world’s biggest palm oil producer, increased by just 0.75 percent year-on-year (yoy) to 3.8 million tonnes, the latest data from the Indonesia Oil Palm Producers Association (Gapki) show.

European markets rebounded on Monday while Asian stocks were mixed at the start of what could be another rocky week for global markets thanks to lingering uncertainty about the banking sector.

International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.

The dollar was pinned near seven-week lows on Friday as nervousness over banks kept investors skittish and traders assessed the Federal Reserve's chances of a pause to interest rate hikes.

Asian markets dipped Friday after a broadly healthy week, as lingering concerns about the banking sector played against hopes central banks could be nearing the end of their interest rate hiking cycle.

Asian shares inched higher on Thursday after the Federal Reserve hinted it could pause interest rate hikes following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation.

American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.

The dollar steadied in a holiday-thinned Asia session on Tuesday, though it struggled to lift far from five-week lows as traders reckoned banking stress would keep the Federal Reserve from hiking rates much further, or at all, later in the week.

Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether US rate hikes might be finished.

Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector, despite central banks' pledges to provide liquidity to troubled lenders and news that UBS had taken over embattled Credit Suisse.

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.

Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies.

Credit Suisse on Thursday said it would borrow up to US$54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis.

Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender's biggest shareholder said it could not raise its 10 percent stake citing regulatory issues.

The dollar rose 0.4 percent to 134.72 yen, even as wage talks delivered the biggest pay increases in a quarter century which are likely to pressure monetary policy settings in Japan.

Asian markets bounced Wednesday as concerns about contagion from the collapse of two US regional lenders eased while investors turned their attention back to next week's Federal Reserve interest rate decision.

Asia's share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a US banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of US inflation data due later in the day.

US stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors wagered a rate hike this month was no longer a certainty.

US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs, as they announced a second tech-friendly bank had been closed by regulators.

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector.

Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates.

Asian traders shifted cautiously Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing.