This is CNBC’s live blog that covers Asia-Pacific markets.
Wall Street digested key information Wednesday, which caused mixed markets in Asia-Pacific.
U.S. labor report
According to this report, job openings fell to their lowest level in almost two years in February.
The Australian government has a number of laws that protect the environment.
The Japanese markets suffered more losses than the US, but their share of the market was slightly up. The
The Topix fell 0.65% while the Dow dropped 0.65%
The Kosdaq index was also up 0.35%.
For a holiday, the markets of Hong Kong and Mainland China are closed.
All three major U.S. indexes dropped overnight, with both the
Dow Jones Industrial Average
A four-day winning streak. The Dow fell 0.59% while the S&P dropped.
Both declined by 0.58% & 0.52%, respectively.
This report was contributed by Tanaya Maceel and Brian Evans of CNBC
Job openings plunge below 10 million in February
In February, job openings fell in an indication that the tight labor market might be starting to loosen up.
According to Tuesday's Labor Department report, the number of available positions decreased to 9.93 millions for February, a drop of more than 600,000. It was also lower than the FactSet estimate at 10.4 million.
This marked the first time that openings fell below 10 million since May 20,21.
Both separations and hires were also lower, but quits increased to just over 4,000,000.
West Texas Intermediate crude oil rises for the second consecutive day following OPEC+'s output cut
Crude oil rose on Tuesday as OPEC+ continued to reduce production, pushing prices higher than $80 per barrel.
West Texas Intermediate
Oil was $11 more at $81.27 per barrel while the international benchmark was $81.27
The price of $85.75 has risen 0.9%
The Energy Select Sector SPDR Fund XLE
Also, Tuesday's heading was higher
surprise output cut
Oil prices jumped as high as 6% one day earlier. This added to concerns that the move could increase inflation and cause recession fears.
The total output reduction amounts to 1.16 Million barrels per day. This puts the total number of cuts from OPEC+ at
3.66 million barrels per day
The U.S. bank crisis is "stabilizing", and regulators are available to step in again if needed, Yellen states
Janet Yellen, U.S. Treasury Secretary, stated that the banking crisis has "stabilized" and that regulators are ready to take action again to protect deposits if necessary.
Yellen stated that she believes the outflows from small and medium-sized banks are decreasing and things are stabilizing. However, it is a situation she was closely monitoring.
Yellen also defended the Financial Stability Oversight Council from criticism. Some GOP members blame it for not identifying the bank crisis sooner. She stated that the crisis only affected "a few banks", which were extremely vulnerable to the risk of run.
Yelled said that he doesn't believe there is a major problem with the bank system.
Gold reaches its highest level in more than a year
Futures on gold
On Tuesday, they were up nearly 2% after reaching their highest point since March 2022.
Bullion hit a session high at $2,043 an ounce and is currently on track to have its fifth positive session in six. After the release of news about the bankruptcy, gold soared past $2,000 an ounce.
Data on available jobs are less than expected
From the Labor Department.
Gold prices have risen 11.6% so far in the year. It is often referred to as an inflation hedge.
-- Brian Evans, Nick Wells
At the annual meeting, Credit Suisse chairman apologizes to shareholders
Chairman Axel Lehmann
We apologize to shareholders
Tuesday marked the beginning of the collapse of the bank and the controversial takeover by UBS.
Credit Suisse's annual general assembly heard Lehmann say, "I am sorry that we weren't able to stem our loss of trust over the years and for disappointing you." This was the first public address by the bank's top leaders since the buyout.
Swiss authorities assisted with brokering
Bank in trouble? Emergency rescue
It was beaten by its bigger domestic rival, for only 3 billion Swiss Francs, in a single weekend in March.
Swiss regulators facilitated the deal to end a larger global banking crisis. However, it remains mired in legal and logistical problems. The deal was not approved by Credit Suisse shareholders or UBS shareholders.
-- Hakyung Kim