Monday’s Asian stock market performance was dull as investors continued to weigh the effects of the bank failures in the United States and Europe.
As of 9.33 A.M. (Bangkok time), in Australia, the S&P/ASX 200 rose 0.27%, while Japan’s Nikkei 225 also gained 0.33%.
However, Hong Kong markets led losses in the region, with the Hang Seng index sliding 1.64%.
South Korea’s Kospi dropped 0.59%.
In mainland China, the Shanghai Composite was 0.52% down.
All three major U.S. benchmarks ended the week in the green, with the Dow Jones Industrial Average gaining 1.2%, the S&P 500 up 1.4%, and the Nasdaq Composite rose 1.6%.
The mood remained tense as Deutsche Bank’s stock dropped 8.5% on Friday and the cost of insuring its bonds against the risk of failure rose substantially. This was mirrored by a similar increase in the CDS premiums of several other banks.
