Asian market ended mixed today as the US government stepped in with a series of emergency measures to shore up confidence in the banking system following the failure of Silicon Valley Bank (SVB) and Signature Bank. American regulators have said that SVB depositors will have access to all of their money starting today.

Hong Kong's Hang Seng gained 1.9 percent, China's Shanghai Composite rose 1.2 percent and South Korea's Kospi closed up by 0.7 percent. However, Singapore's Straits Times declined 1.4 percent, and Japan's Nikkei-225 slipped 1.1 percent.
 
European markets were trading lower in intra-day trade as global investors focused on the fallout from the SVB collapse. Germany's DAX lost 2.6 percent, France's CAC-40 was trading down at 2.5 percent and London's FTSE-100 shed 2.2 percent when reports last came in.