Japan market closed.
Porcelain +0.49%.
Hong Kong +0.85%.
Australia +0.82%. Australian weekly consumer confidence teetering at deeply pessimistic and unsightly levels.
India +0.41%.
Overnight in the US, the major US stock indices rallied Monday night as regional banks rallied. The Dow Industrial Average rose 382.58 points or 1.20% to 32244.59; the S&P index rose 34.91 points, or 0.89%, to 3,951.56; The NASDAQ index was 45.03 points, or 0.39%, at 11,675.55.
Meanwhile, investors awaited a key decision from the Federal Reserve to be released later in the week.
The South Korean Producer Price Index for February rose 4.8% year-on-year, down from 5.1% in January.
South Korea’s export data has plummeted 23% year-on-year (first 20 days of March).
New Zealand February exports 5,230 million (5,470 million before) and imports 5,950 million (7,420 million before).
Oil prices stabilized on Tuesday after falling early in the previous session on investor concerns that recent problems in the banking sector would weigh on the global economy and limit demand for crude.
Brent crude futures for May settlement gained 5 cents to trade at $73.84 a barrel at 0049 GMT. US West Texas Intermediate (WTI) Crude Futures rose 9 cents to $67.73 a barrel. In the previous session, both Brent and WTI fell around $3 a barrel before settling higher.
Gold prices rose on Tuesday, with investors looking forward to the Federal Reserve’s policy meeting as expectations grew that the US central bank would ease its monetary policy tightening given the turmoil in the banking sector. .
golden point It was up 0.2% at $1,982.59 an ounce at 0317 GMT. US gold futures also rose 0.2% to $1,986.30.
silver point rose 0.2% to $22.57 an ounce, platinum fell 0.2% to $986.68 and palladium decreased 0.1% to $1,412.70.
US futures mostly up. Dow Jones +0.03%; S&P 500 +0.07%; nasdaq +0.03%.
More on banking crisis:
SVB’s offer window extended amid “substantial interest” from potential buyers
SVB Financial cut from records due to FDIC takeover of bank
New York Community Bancorp unit agrees to purchase Signature Bank deposits and some loans
SVB Financial’s Silicon Valley Bank Fails as FDIC Takes Over
3 finances on my watch list after the Silicon Valley Bank detonation
