Asia-Pacific markets to rise after Wall Street sees gains on optimism led by regional banks
Publishing timestamp: 2023-03-20 20:51:47
Summary
Asia-Pacific markets are set to rise following a relief rally on Wall Street, with hopes that the banking crisis is easing after UBS agreed to buy Credit Suisse for $3.2 billion. The US Federal Reserve's Federal Open Market Committee meeting is expected to approve a quarter-percentage-point interest rate increase. South Korea saw a 17.4% drop in exports and a 5.7% fall in imports for the first 20 days of March. Billionaire investor Bill Ackman said the US Federal Reserve should pause its interest rate hikes. Bitcoin climbed to $28,551.73, its highest level since June 2022.
Sentiment: MIXED
Tickers: WFC, @LCO.1, SPY, KEY, VORB, FITB, .AXJO, BAC, C, .DJI, .SPX, ZION, USB, @CL.1, .SSEC, JPM, .HSI, KBWR, .N225, JPY=, .SZI, .KS11, CS, AUD=, .DXY, .IXIC, UBS, KRW=,
Keywords: nasdaq composite, usd/jpy, shanghai, breaking news: asia, shenzhen component index, dow jones industrial average, australian dollar/us dollar fx spot rate, breaking news: markets, wti crude (mar'23), nikkei 225 index, markets, us dollar/korean won fx spot rate, economic events, kospi index, dxy us dollar currency index, s&p/asx 200, business news, ice brent crude (apr'23), hang seng index, asia economy, s&p 500 index, world markets,
Source: https://www.cnbc.com/2023/03/21/asia-markets-us-bank-shares-rally.html