Asian stock markets are trading mixed on Thursday, following the broadly positive cues from global markets overnight, as traders indulged booking some profits after the recent gains amid continued easing of concerns about contagion from the recent turmoil in the banking sector. Markets were spurned by a rebound by technology stocks, which mirrored their peers on the tech-heavy Nasdaq. Asian Markets closed mixed on Wednesday.
Top U.S. regulators expressed confidence that banks were solvent, blaming the recent collapse of Silicon Valley Bank on mismanagement, rather than systemic risks.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com