Asia Market
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
