Stocks creep toward quarterly gain as bank fears subside

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asia’s stock markets held recent gains on Thursday, as fears of a banking crisis receded and investors weighed whether a break-up of Chinese conglomerate Alibaba signals Beijing’s regulatory storm aimed at tech companies might finally be clearing. MSCI’s index of Asia-Pacific shares outside Japan rose 0.2%. Like the S&P 500 it’s recovered from March lows hit as fallout from the collapse of Silicon Valley Bank reverberated around global markets. Global stocks are on course for a 4.9% quarterly gain. Japan’s Nikkei, which is heading for a 6% quarterly gain,…

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