Asia Shares Up As U.S. Banks Recover Somewhat

Asian shares were mostly higher as investors got some relief from worries over troubled US lenders with a planned takeover of failed Silicon Valley Bank, Yuri Kageyama reported for the Associated Press (AP).

Photo Insert: Japan’s benchmark Nikkei 225 edged up 0.2% to finish at 27,518.25. Australia’s S&P/ASX 200 jumped 1.0% to 7,034.10.

Japan’s benchmark Nikkei 225 edged up 0.2% to finish at 27,518.25. Australia’s S&P/ASX 200 jumped 1.0% to 7,034.10. South Korea’s Kospi added 0.9% to 2,430.16. Hong Kong’s Hang Seng rose nearly 1.1% to 19,773.37, while the Shanghai Composite slipped 0.2% to 3,245.81.

On Wall Street, the S&P 500 eked out a 0.2% gain to 3,977.53 after having been up by as much as 0.8%.

The Dow Jones Industrial Average rose 0.6% to 32,432.08, while the Nasdaq composite fell 0.5%, to 11,768.84, reflecting losses in Google parent Alphabet and other tech companies. Gainers outnumbered decliners on the New York Stock Exchange by nearly 3-1.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic