Asia-Pacific markets traded mixed on Monday as U.S. regulators announced plans to backstop both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk.
Hong Kong’s Hang Seng index rose 1.96%, led by technology stocks, and the Hang Seng Tech index climbed more than 3%. In mainland China, the Shenzhen Component climbed 0.55% to finish at 11,505.02 and the Shanghai Composite was up 1.2% to close at 3,268.7.
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