Asia-Pacific markets rise after Wall Street sees bank stocks rebound
Publishing timestamp: 2023-03-14 23:35:40
Summary
Markets in Asia-Pacific rose on Wednesday, led by gains in bank stocks following a rebound on Wall Street. China's industrial output and retail sales rose in the first two months of the year, beating expectations. The collapse of Silicon Valley Bank is unlikely to affect Southeast Asian startups raising funding, according to venture capital firms. Moody's Investors Service moved its view on the US banking system to negative from stable, citing a "rapidly deteriorating operating environment." The Federal Reserve is still expected to raise interest rates at next week's meeting, despite recent bank failures causing some caution.
Sentiment: MIXED
Tickers: .WORLD, 241-HK, .SSEC, .N225, 316-HK, .DXY, .KS11, .SZI, 9888-HK, 8306.T-JP, 8316.T-JP, DBSM-SG, AUD=, .AXJO, @CL.1, UOBH-SG, JP10Y-JP, JPY=, .SPX, .HSI, @LCO.1, 9999-HK, .DJI, .IXIC,
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