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Asia-Pacific markets rise after Wall Street sees bank stocks rebound - TL;DR CNBC

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: .WORLD241-HK.SSEC.N225316-HK.DXY.KS11.SZI9888-HK8306.T-JP8316.T-JPDBSM-SGAUD=.AXJO@CL.1UOBH-SGJP10Y-JPJPY=.SPX.HSI@LCO.19999-HK.DJI.IXIC

Keywords: business newseconomic eventswti crude (mar'23)united statesshanghaibreaking news: marketshang seng indexworld marketsnikkei 225 indexaustralian dollar/us dollar fx spot ratedxy us dollar currency indexshenzhen component indexice brent crude (apr'23)kospi indexasia economys&p/asx 200breaking news: asiamarketsusd/jpy

Source: https://www.cnbc.com/2023/03/15/asia-markets-rebound-ahead-of-china-economic-data-release-us-inflation-cools-as-expected.html


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