Live news: Temu owner PDD moves headquarters to Dublin from Shanghai

Shanghai Cooperation Organisation: Foreign ministers of the SCO will meet in Goa, India. The SCO’s eight members are India, Kazakhstan, China, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan.

Economic data: Singapore releases retail sales data for March, while Caixin publishes a services sector purchasing managers’ index for China, which should grant insight into the pace of economic recovery in the country.

Markets: Futures declined in Japan but pointed higher in Hong Kong. Markets in Tokyo were closed on Wednesday for a public holiday and have been closed in mainland China all week. Investors will be watching for any catch up in Asia to several days of losses in the US, where stocks have been hit by renewed fears over the health of the country’s regional banks and hawkish comments from the Federal Reserve.