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Asia Market

Asia-Pacific markets to rise after Wall Street sees gains on optimism led by regional banks

Jihye Lee & Lim Hui Jie

Asia-Pacific markets are set to rise after markets on Wall Street staged a relief rally on the hopes that the banking crisis is easing, following the $3.2 billion takeover of Swiss bank Credit Suisse by rival UBS.

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Asia markets rise as Wall Street banks move to shore up banking system

Jihye Lee & Lim Hui Jie

Asia-Pacific markets were mostly higher Friday after major Wall Street banks pledged a deposit of $30 billion in First Republic Bank in an attempt to bolster confidence in the banking system. The group of 11 banks, included Bank of America,  WellsFargo,  Citigroup  and  JPMorgan Chase.

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Japan’s Topix drops 2%; Asia-Pacific markets fall as Credit Suisse adds to banking fears

Jihye Lee & Lim Hui Jie

Asia-Pacific markets dropped on Thursday as turmoil around Credit Suisse added onto banking fears in the region. Shares of Credit Suisse plunged to a new all-time low for the second consecutive day after its top investor ruled out further assistance.

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Asia markets rise ahead of China economic data release; U.S. inflation cools as expected

Jihye Lee & Lim Hui Jie

Asia-Pacific markets were largely higher on Wednesday following a slightly cooler U.S. inflation report and as the fallout in the banking sector seemed to be contained.

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Japan’s Topix slides 2% in Asia’s sell-off over Silicon Valley Bank concerns

Jihye Lee & Lim Hui Jie

Asia-Pacific markets tumbled on Tuesday in a volatile session, after sharp losses seen overnight on Wall Street as investors grappled with the fallout of failed banks in the U.S., including Silicon Valley Bank.

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Japan’s Topix falls 2%, leads losses in Asia as U.S. seeks to stem risk from Silicon Valley Bank

Jihye Lee & Lim Hui Jie

Asia-Pacific markets fell on Monday as U.S. regulators announced plans to backstop both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk.

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Hong Kong stocks fall 2% as Asia continues Wall Street’s sell-off; Bank of Japan holds rates

Jihye Lee

Stocks in the Asia-Pacific fell on Friday, as investors await the closely watched February non-farm payrolls report from the U.S. that could further determine the direction on the Federal Reserve’s rate hikes ahead.

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Hong Kong stocks fall 2% as Fed’s Powell hints at more rate hikes ahead

Lee Ying Shan

Hong Kong shares dropped more than 2% after Federal Reserve Chairman Jerome Powell cautioned that interest rates may need to be higher than expected, fueling concerns of a potentially larger hike at the next policy meeting.

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Asia-Pacific shares mostly fall ahead of Reserve Bank of Australia rate decision

Lee Ying Shan

Asia-Pacific shares mostly fell on Tuesday as investors await Reserve Bank of Australia’s rate decision, as well as a slew of economic data across the region.

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Asia markets mixed as investors further digest China’s modest growth target

Jihye Lee

Stocks in Asia-Pacific traded mixed on Monday as investors further digested China’s growth target set in its parliamentary sessions and looked ahead to a week of economic data.

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