Stocks gain, dollar slides, as banking fear eases

backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector.edged up 0.6% by early afternoon Hong Kong time. U.S. stock futures, the S&P 500 e-minis , rose 0.1%.

In addition to concerns about any contagion caused by developed market banking woes, markets have also been jostled by wild shifts in expectations about what central banks in the United States and Europe might do next, Raychaudhuri said. In China, the benchmark founder Jack Ma on Monday helped to quell some concerns of its private sector after a bruising two-year regulatory crackdown.

"But the reason behind Ma’s reappearance isn't yet clear... Market watchers will quickly deduce whether Ma's visit was a one-off event or perhaps something more," he said.

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