Asian markets opened to a volatile Monday session, first rising as US stock futures rallied amid moves by the US authorities to limit contagion from the failure of two banks, then pulling back later in the day.
After initially trying to pare losses to within 0.7 per cent in early trading, the Straits Times Index slid by the end of its Monday session to 3,132.37 points, down 45 points, or 1.4 per cent.
Japan's Nikkei 225 declined 1.1 per cent and Australia's S&P/ASX 200 gave up 0.5 per cent, while South Korea's Kospi index rose 0.7 per cent.
Also closing higher were Hong Kong and China markets.
The Hang Seng Index rallied almost 2 per cent, while the Shanghai Composite added 1.2 per cent.
Some within the market attributed this to China's decision to retain its central banker and finance minister - two experienced hands following its Cabinet reshuffle.
European markets opened mostly in the red, while Wall Street futures were mixed as Asia closed.
This story is from the March 14, 2023 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 14, 2023 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
BTS' agency files legal complaint against Ador CEO Min Hee-jin
The South Korean agency behind K-pop sensation BTS filed a legal complaint on April 25 against its powerhouse subsidiary's head for allegedly orchestrating a plan to break away from the parent company.
Hamilton lives up to hype
The title character’s ambition and flaws are deftly portrayed in the award-winning musical
Two-door fan buys first four-door to go with fatherhood
Food tech founder and new father Alan Phua trades his BMW 2-series Coupe for a 5-series saloon
Audi Q4 e-tron proves small can be more
The compact electric sport utility vehicle is a refined and spacious five-seater despite being not much bigger than the Q3
MAX’S MAXIMUM TUNE-UP
S’porean adds I more title in preparations for the defence of his world c’ship crown
EPL still a three-horse race, insists Guardiola
Manchester City manager Pep Guardiola believes it is still a three-horse race in the English Premier League, despite his team being in the driver's seat after their 4-0 thrashing of Brighton & Hove Albion on April 25.
National Training Centre move pays off for Samuel
Gymnast Samuel Loh is now reaping the rewards after conquering his fears by joining the National Training Centre (NTC) in 2023.
EMBIID HAS BELL'S PALSY, BUT DROPS 50
He confirms the diagnosis after helping the Sixers cut the Knicks’ play-off lead to 2-1
Singapore factory output falls 9.2% in March
Drop is biggest in 7 months and far sharper than analysts’ forecast
Satellite communications provider Viasat to push further into Asia
Region is fastest-growing market in this area; Singapore will play key role in company’s plans
