The downpour is an appropriate metaphor for the mood in Hong Kong as China preps to celebrate 100 years since the Communist Party's founding.
The world's worst wave of infection is subsiding in India but it hardly seems justified that stocks have risen to all-time highs.
Last year's top-performing stock market worldwide has been a disappointment since setting an all-time high in February. Could it have just turned?
Shares in Taiwan are suffering as the island tightens COVID restrictions; meanwhile, stocks stay strong in heavily infected India.
The largest-ever merger in Indonesian history will combine the country's two best-known online brands.
Singapore and Hong Kong are due to allow quarantine-free travel between the two financial hubs as of May 26.
Markets in Tokyo, Mumbai and most of Southeast Asia are down this month, Asia's early progress in combatting COVID-19 proving hard to sustain.
Getting international travel and commerce back on track may hinge on vaccine acceptance.
Stocks were down sharply and across the board in Asia, but absent any region-specific factors.
Europe's biggest bank, HSBC, is in an impossible political situation, caught between London and Hong Kong. South Africa's TymeBank will have it easier expanding into the Philippines.