APAC Stocks Under Pressure Amid Wall Street Banking Concerns Ahead of FOMC Meeting

Reserve Bank of Australia (RBA) has surprised markets by raising its rates by 25 basis points.

APAC stock market showed a positive trend, drawing inspiration from the rally on Wall Street.

European equity futures are pointing towards a weaker open, with Euro Stoxx 50 futures down 0.3% after the cash market recorded a decline.

According to the Financial Times, First Republic is currently struggling to find a viable solution. APAC down following Wall Street.

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