On Wednesday (April 19th) during the Asian market session, the Asian stock market index fell as traders weighed financial reports from Wall Street, while the Chinese stock market was hit by shareholder reduction plans.

The MSCI Asia Pacific Index fell 0.4%, while the Hang Seng China Enterprise Index fell 1.5% at one point before narrowing somewhat. Some South Korean TV drama production companies have also seen their stock prices decline, after Netflix Inc. reported lower subscription numbers than Wall Street's expectations.

Futures on the Standard&Poor's 500 Index and Nasdaq 100 Index both fell.

Willer Chen, senior research analyst at Forsyth Barr Asia, said, "The weakness of the Chinese stock market may be due to people digesting the wave of underweight in A-shares and some Hong Kong stocks

The yield of the US two-year treasury bond did not change much, at 4.20%, while the yield of the 10-year treasury bond remained at 3.58%. Two year treasury bond is more sensitive to upcoming policy changes than long-term treasury bond. Australian and New Zealand government bonds fell, while the US dollar remained stable.

Sumitomo Mitsui Financial Group of Japan has issued additional first tier bonds denominated in Japanese yen, becoming the first large global bank to issue such bonds since Credit Suisse Group's bankruptcy last month.

At the same time, Atlanta Fed Chairman Raphael Bostic told CNBC that he tends to raise interest rates again and then maintain them above 5% for a period of time to curb inflation.

The swap transaction reflects that the Federal Reserve will raise interest rates by 25 basis points in May, and will begin cutting rates in July.

That may be too early, "said Jonathan Liang, head of investment experts for Asia (excluding Japan) at JPMorgan Asset Management." There may be a turning point at the end of this year, but it may not be as fast as the market is currently pricing

Despite hawkish comments from Federal Reserve officials, the Chicago Board of Options Exchange Volatility Index is still at its lowest level since January 2022, below 17. Bank of America's GFSI Market Risk Index, a measure of global asset volatility, is close to its lowest level since February 2022.

Paul Mackel, Global Head of Foreign Exchange Research at HSBC, said that although the situation may seem calm, the market should continue to act cautiously. Raise interest rates a few more times, and the next thing is, 'Okay, what's next? Are we facing a greater slowdown?' he said on Bloomberg TV. 'So let's not be too complacent.'

The stock price of Western Alliance Bancorp, a regional bank in the United States, surged 20% late Tuesday, another sign of easing banking problems. The company's earnings exceeded expectations and stated that deposits had rebounded after the collapse of three regional banks in the United States.

In terms of earnings, Goldman Sachs' stock price fell due to the company's reported results showing that traders failed to profit from the fixed income boom on Wall Street, resulting in lower than expected revenue for the entire company. Bank of America's earnings exceeded expectations, stock prices rose, Netflix's user growth and revenue expectations fell below expectations, and stock prices fell.

In other markets, the price of Bitcoin is slightly higher than the highly anticipated $30000 level. Due to investors weighing signs of shrinking US crude oil inventories and concerns about uneven demand recovery, oil prices have stabilized. The price of gold remained unchanged.