Most major Asian stock markets closed lower on Tuesday as the collapse of two US lenders — Silicon Valley Bank and Signature Bank — within days raised worries over the spillover effect across global markets.
The Asia Dow, which includes blue-chip companies in the region, dove 2.68% to 3,220 points.
Tokyo’s Nikkei 225 plunged 2.19% to 27,222 points.
The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, plummeted 2.27% to 19,247.96.
China’s Shanghai Stock Exchange fell 0.72% to 3,245.31.
India’s Sensex benchmark fell 0.58% to close at 57,900.19, while the Singapore index dropped 0.08% to 3,129.75
India’s annual wholesale inflation rate decreased to a 25-month low of 3.85% in February from 4.73% in January. The figure was below the market estimate of 4%.
Source: Anadolu Agency