Asia Markets Trade Mixed Tracking Wall Street Losses Overnight

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.

S&P/ASX 200

The Japanese markets suffered more losses than the US, but their share of the market was slightly up. The

Nikkei 225

The Topix fell 0.65% while the Dow dropped 0.65%

South Korea

Kospi

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

And

S&P 500

A four-day winning streak. The Dow fell 0.59% while the S&P dropped.

Nasdaq Composite

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.

--Jeff Cox

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

Brent

The price of $85.75 has risen 0.9%

The Energy Select Sector SPDR Fund XLE

Also, Tuesday's heading was higher

The

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

.

Brian Evans

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.

Bloomberg News

.

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.

Brian Evans

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

Credit Suisse

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