Equities mixed after central bank rate decisions

Equity markets were mixed on Friday as concerns over the health of the global banking system dragged down shares in US lenders down more than 14 per cent this week.

The FTSE All-World stock index was down 0.1 per cent on Friday during Asian trading but up 1.6 per cent for the week. Technology stocks in Asia initially followed the Nasdaq Composite higher on hopes that the US Federal Reserve’s monetary tightening cycle may be nearing an end.

Hong Kong’s Hang Seng Tech index rose as…