Asian markets surged on Monday after Wall Street’s positive week, despite bank lending and trade war concerns. Japan’s Nikkei 225 hit a record high. China’s economy grew 4.8% while facing challenges. Hong Kong, Shanghai, South Korea, and Australia markets rose. U.S. stocks had a strong week, easing U.S.-China trade tensions.

Trump’s comments on high tariffs and meeting Xi Jinping helped stabilize bank stocks. Loans quality under scrutiny post-bankruptcy filing. Uncertainty looms over lenders’ problems and industry threats. JPMorgan CEO Jamie Dimon warned of potential issues. Oil prices dipped, dollar rose against yen and euro.

Read more at Yahoo Finance: Asian shares advance, with Japan’s benchmark surging after ruling party forms new coalition