SYDNEY, Australia – Asian shares followed U.S. stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp. S&P 500 futures firmed 0.5 percent in early trade while Nasdaq futures added 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.

https://business.inquirer.net/393233/asia-wary-us-stock-futures-up-on-svb-reports

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