Asian Stocks Hesitant Amid Banking Jitters and US Economic Concerns

Asian shares were subdued due to concerns over the US economy and troubles at First Republic Bank. Euro Stoxx 50 futures slid 0.3%, while Nasdaq futures gained 0.6% after Facebook owner Meta soared 12% with its earnings beat. Nomura shares fell more than 7% after posting a sharp fall in quarterly net profit. The S&P 500 and the Dow were pulled lower by weakness in economically sensitive sectors, hinting at mounting recession jitters. The euro edged 0.1% higher to $1.1054, moving closer to its highest level in over a year of $1.1095 hit just a day ago.