Storm clouds are seen over the city skyline on October 1, 2021 in Sydney, Australia.
brand evans | Getty Images News | fake images
Asia-Pacific markets were mixed on Monday according to US regulators. Announced plans to support both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk.
Hong Kong Hang Seng Index It rose 1.96%, led by technology stocks, and the Hang Seng Tech Index rose more than 3%. In mainland China, the Shenzhen Component rose 0.55% to end at 11,505.02 and the Shanghai Composite rose 1.2% to close at 3,268.7.
Meanwhile, the Japanese markets led the losses in the region, the Topix fell 1.51% to close at 2,000.99, seeing the shares of soft bench fell 2.3% as investors continued to assess contagion fears. He nikkei 225 it fell 1.11% to close at 27,382.96.
In Australia, the S&P/ASX 200 it fell 0.5% to close at 7,108.8, and banks continue to experience falls.
He kospi erased previous losses and traded 0.67% higher to end the day at 2,410.6, while the Kosdaq was marginally higher at 788.89 according to South Korean officials over the weekend reportedly expressed concern about increased market volatility before the collapse of Silicon Valley Bank.
In the US, Wall Street markets ended Friday's session lower marking their worst week since June as the collapse of Silicon Valley Bank triggered a sell. Silicon Valley Bank last week was closed by regulators, after clients withdrew a staggering $42 billion in deposits by the end of Thursday.
โCNBC's Jeff Cox, Tanaya Macheel and Yun Li contributed to this report.
