Asia-Pacific markets rose on Tuesday after Wall Street staged a relief rally overnight on hopes the banking crisis may be easing, following the $3.2 billion takeover of Swiss bank Credit Suisse by rival UBS.
U.S. Federal Reserve’s Federal Open Market Committee meeting kicks off later today stateside, with the central bank expected to approve a quarter-percentage-point interest rate increase, according to market pricing and many Wall Street experts.
Hong Kong’s Hang Seng index was up 1.45%, with the Hang Seng Tech index 2.62% higher. In mainland China, the Shanghai Composite gained 0.64% to end at 3,255.65, while the Shenzhen Component advanced 1.6% to finish at 11,427.25.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.