Stock markets climb on easing bank fears, Alibaba split
Wall Street’s main indices finish with increases of at least 1%, while European markets close with strong gains and Asia finish broadly in the green, on Wednesday. – EPA pic, March 30, 2023.
STOCK markets advanced yesterday as fears of a banking crisis fade further in investors’ rearview mirror while Chinese tech giant Alibaba’s breakup plans boosted most Asian shares. Measures taken by authorities to prevent a new global financial crisis appear to have calmed the markets following the failures of three US lenders and the emergency sale of European banking giant Credit Suisse.
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