SINGAPORE, March 21 ― Asian stocks were lifted from lows today, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether US rate hikes might be finished.
“Globally, I think we're a long way from being out of the woods on this,” Sydney-based Jefferies' banking analyst Brian Johnson said, with the present stress set against a backdrop of higher capital costs and declining loan growth. That somewhat abated after regulators in Europe and Britain stepped in to reassure investors that it would not set a precedent.
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