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Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Asian shares were mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth shed more than a fifth of its value due to a weaker-than-expected profit report. U.S. stock and bond markets will be closed on Friday. Taiwan's Taiex gained 0.3% and regional tech companies advanced after global heavyweight Taiwan Semiconductor Manufacturing Co. reported a profit for the latest quarter that matched analysts’ expectations.

Netflix Darling Stocks Rise as Korea Election, Tariff Haven Bets

(Bloomberg) -- South Korean entertainment stocks rose Friday after the nation’s presidential front-runner pledged greater support for cultural exports and government incentives for the industry.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveTrump Administration Takes Over New York Penn Station RevampHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedK-culture

Fed proposes averaging large bank stress test results to reduce volatility

The Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday, proposing to average results over two years in setting capital requirements. The central bank also proposed giving banks three more months to adjust to the capital requirements set by the exam, as part of its overarching bid to make the process more transparent and less volatile. Under the proposal, banks receiving test results in June would have until January to adjust capital plans, as opposed to the current October deadline.