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.
Bu hikaye The Straits Times dergisinin March 14, 2023 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin March 14, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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