HONG KONG: stocks rose and the dollar softened on Tuesday, as a deal backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.6% by early afternoon Hong Kong time. U.S. stock futures, the S&P 500 e-minis, rose 0.1%.
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