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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares up after First Republic aid spurs Wall St rally

First Republic Asia First Republic Bank United States Silicon Valley Bank the Federal Reserve
Copyright 2023 The Associated Press. All rights reserved

Shares advanced Friday in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their latest hunt for troubles in the banking industry.

Benchmarks rose more than 1% in Hong Kong, Taiwan and Tokyo. U.S. futures were mixed and oil prices climbed.

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