Asia markets mixed as Wall Street banking fears reignite
Publishing timestamp: 2023-04-26 01:17:54
Summary
Asia-Pacific markets were mixed as banking fears were reignited on Wall Street, with First Republic Bank's shares tumbling after reporting a drop in deposits. Investors were also watching Australia's inflation numbers and South Korea's GDP growth forecast. John Wu, president of blockchain company Ava Labs, warned that more crypto firms will move offshore without clear rules on how they can operate in the US. HSBC identified four Chinese stocks set to benefit from the growing trend in chatbots. McDonald's reported better-than-expected earnings, while UPS shares fell after missing analyst expectations.
Sentiment: MIXED
Tickers: .KS11, .DXY, MCD, .DJI, .HSI, .N225, .SSEC, @CL.1, @LCO.1, JPY=, AUD=, .AXJO, .SZI, .IXIC, FRC, .SPX,
Keywords: usd/jpy, south korea, world markets, nikkei 225 index, economic events, breaking news: asia, s&p/asx 200, breaking news: markets, dxy us dollar currency index, hang seng index, markets, kospi index, shanghai, wti crude (mar'23), japan, ice brent crude (apr'23), business news, asia economy, shenzhen component index, australian dollar/us dollar fx spot rate,
Source: https://www.cnbc.com/2023/04/26/asia-markets-wall-street-faces-banking-fears-.html