Asian markets rebound as bank fears ease, Fed decision in view

Asian markets bounced Tuesday from the previous day’s rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve’s policy decision later in the week.

The panic that characterised trade over the past 11 days appeared to have faded after authorities in leading economies pledged support for depositors and troubled banks following the collapse of Silicon Valley Bank and Signature Bank in the United States.

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