Asia Markets Mixed as Wall Street Banking Fears Reignite

Investors also watched Australia's first-quarter 2023 inflation figures, which dropped to 7% from 7.8%, a 23-year-high, in the previous quarter. The final result was 1.58% lower. Artificial intelligence (A.I. ) HSBC has identified 4 Chinese stocks that will benefit from this growing trend.

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The afternoon session continues to see a decline. In its earnings announcement on Monday, the bank stated that it was considering strategic moves to help improve its balance sheet. The index only had two sectors that were trading in green, with gains of about 0.3%. Stock also reached a new intraday record low of $11.20 for the entire year. Refinitiv's analysts had estimated $2.33 in earnings per share. The company, however, reported adjusted earnings of $2.63. This was higher than their consensus estimate. On a revenue of $22,93 billion, the company earned $2.20 per adjusted share. In a press release, CEO Carol Tome stated that "Deceleration of U.S. Retail Sales resulted lower volume than anticipated and we faced continued demand weakness in Asia." Fred Imbert