By Japan Market closed.
China +0.49%.
Hong Kong +0.85%.
Australia +0.82%. Australia weekly consumer confidence stumbling along at deeply pessimistic, ugly levels.
India +0.41%.
Overnight in the U.S., major US stock indices rose on Monday night as regional banks rebounded. The Dow Industrial Average rose 382.58 points or 1.20% at 32244.59; S&P index rose 34.91 points or 0.89% at 3951.56; NASDAQ index was 45.03 points or 0.39% at 11675.55.
Meanwhile, investors looked ahead to a key Federal Reserve decision due out later in the week.
South Korea’s producer prices index for February rose 4.8% year-on-year, lower than January’s figure of 5.1%.
South Korean export data has slumped 23% y/y (first 20 days of March).
New Zealand February exports 5.23bn (5.47bn prior) & imports 5.95bn (7.42bn prior).
Oil prices stabilized on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude.
Brent crude futures for May settlement gained 5 cents and traded at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 9 cents to $67.73 a barrel. In the previous session, both Brent and WTI fell about $3 a barrel before settling higher.
Gold prices edged higher on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank would slow its monetary policy tightening given the upheaval in the banking sector.
Spot gold was up 0.2% at $1,982.59 per ounce, as of 0317 GMT. U.S. gold futures also rose 0.2% to $1,986.30.
Spot silver rose 0.2% to $22.57 per ounce, platinum edged down 0.2% to $986.68 and palladium eased 0.1% to $1,412.70.
US futures mostly higher. Dow Jones +0.03%; S&P 500 +0.07%; Nasdaq +0.03%.
More on bank crisis:
SVB’s bid window extended amid “substantial interest’ from potential buyers
SVB Financial cut off from records due to FDIC takeover of bank
New York Community Bancorp unit agrees to buy Signature Bank deposits, some loans
SVB Financial’s Silicon Valley Bank fails as FDIC takes over
3 Financials On My Watchlist After Silicon Valley Bank’s Detonation
