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A man walks past an electronic board showing the values of various companies trading on the Tokyo Stock Exchange, along a street in Tokyo on December 7, 2022.
Asian share are steady in early Monday trade.

Richard A. Brooks/AFP/Getty Images

  • Asian shares ended lower on Monday after UBS struck a deal to acquire Credit Suisse.
  • ING economists said a relief rally is possible after Switzerland moved to contain the banking crisis.
  • Investors are still looking to the Fed's interest-rate decision this week for further cues.

Asian shares are down on Monday after Switzerland's UBS struck a deal to take over peer Credit Suisse. The deal values Credit Suisse at around $3.25 billion.

Tags
Markets, News, MI Exclusive, Japan, South Korea, Australia, China, Stocks
Source
Asian shares ended lower after Switzerland's UBS seals deal to acquire Credit S…