Banking anxiety eases, Asian stocks surge led by Alibaba.

Asian markets are likely to be tempered by a further rebound in US bond yields despite growing optimism that the banking shock is abating. The Bank of Thailand is set to implement its fifth consecutive quarter-point rate hike in an attempt to get inflation back within target. China's Alibaba Group plans to split its business into six main units covering e-commerce, media, and the cloud. Australian inflation figures for February and a raft of data from Vietnam will also be released.