Market Update: Mixed Trading Amid Bank Turmoil and Positive Deals

Stocks in the Asia-Pacific traded mixed on Tuesday after Wall Street saw eased investor fears of contagion from the recent banking turmoil after First Citizens BancShares agreed to buy large parts of Silicon Valley Bank. Meanwhile, Japan's Nikkei 225 climbed 0.15% to close at 27,518.25 and the Topix saw a larger gain of 0.25% to end at 1,966.67. Bitcoin and ether fell roughly 3% in Asia's morning trade after US officials filed a complaint against crypto exchange Binance and its co-founder Changpeng Zhao. Jack Ma, the billionaire co-founder of Chinese e-commerce giant Alibaba, returned to China after roughly one year away.