3/21, 4:14 AM (Source: TeleTrader)
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Asia higher as banking worries ease

Major stock market indexes in Asia tracked the US and European markets higher amid concerns about the potential impact of the banking crisis on the stability of the global economy. Investors were seemingly reassured by the steps taken by regulators in Switzerland, who facilitated the UBS Group AG's takeover of Credit Suisse.

On the Chinese mainland, the Shanghai Composite went up by 0.29% at 3:52 am CET, with the Shenzhen Composite rising by 0.90% a minute later. Hong Kong's Hang Seng surged by 0.72% at 3:53 am CET, as South Korea's Kospi and Australia's S&P 200 rose by 0.70% and 1.25% at the same time, respectively. The dollar went 0.07% down against the yen, going for ¥131.2255 at 3:55 am CET.

Stocks in Japan are closed for a market holiday.

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