Asian shares mostly sink on jitters after US bank failure
Asian shares have mostly fallen, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world
By YURI KAGEYAMA
Published - Mar 13, 2023, 01:00 AM ET
Last Updated - Jun 22, 2023, 04:42 PM EDT
TOKYO (AP) — Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world.
But the falls were relatively subdued because of reassurances from U.S. officials that financial shocks would be mitigated.
Japan's benchmark Nikkei 225 slipped 1.6% to 27,685.86 in morning trading. Australia's S&P/ASX 200 lost 0.3% to 7,125.90. South Korea's Kospi shed 0.4% to 2,385.25.
Hong Kong's Hang Seng rose 1.4% to 19,594.07. The Shanghai Composite rose 0.3% to 3,238.98, as Chinese shares tracked a gain in U.S. futures. Dow futures were up 1.1% at 32,516.00. S&P 500 futures rose 1.4% to 3,952.50.
