The festival known for its colorful lanterns and fireworks in Asia is the Lantern Festival. This vibrant celebration marks the end of the Chinese New Year festivities, typically occurring on the 15th day of the first lunar month. During this festival, families gather to create and display beautifully crafted lanterns while enjoying various cultural performances, including lion dances and dragon dances. Fireworks light up the night sky as people share sweet glutinous rice balls, symbolizing family unity and togetherness. The festival's colorful displays and joyful atmosphere demonstrate the rich cultural heritage of the region and its significance in celebrating hope and renewal.