Asian markets extend losses as U.S. banking worries persist

Asian markets tumble as SVB fallout fears rattle banking sector

By Laura He, CNN Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank’s collapse gripped the market despite US government efforts to stabilize the financial system. Japan’s Nikkei 225 tumbled 2.19% to post its third straight day of declines. Hong Kong’s Hang Seng briefly dropped 2.5%, before trimming losses in the afternoon. Korea’s Kospi lost almost 3%. China’s Shanghai Composite…

Asian markets tumble as SVB fallout fears rattle banking sector

Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank's collapse gripped the market despite US government efforts to stabilize the financial system.

Asian shares extend losses as U.S. banking worries persist

Asian shares declined Tuesday, with heavy selling of banks shares in Tokyo and some other markets, as investors around the world watched to see what's next following the second- and third-largest bank failures in U.S. history. Direct exposure to the risks from the U.S. failures in Asia seemed slim, at…

Asian shares extend losses as US banking worries persist

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares declined Tuesday, with heavy selling of banks shares in Tokyo and some other markets, as investors around the world watched to see what’s next following the second- and third-largest bank failures in U.S. history. Direct exposure to the risks from the U.S. failures in Asia seemed slim, at least so far. Still, fears of contagion persisted, sending regional benchmarks lower across the …

Wall Street climbs as some beaten-down bank stocks recover

Stocks closed higher on Wall Street as some of the most breathtaking moves from a manic Monday reversed course. The S&P 500 rose 1.7% Tuesday after a report showed inflation

Asian shares extend losses as US banking worries persist

Asian shares have fallen as investors around the world watch to see what's next following the second- and third-largest bank failures in U.S. history. Benchmarks declined across the region. Oil prices also fell. U.S. futures turned higher. In Asia, direct exposure to the risks from the U.S. failures appeared slim, at least so far. Still, share prices for Japanese banks were sharply lower. MUFG fell 8.6%, Mizuho sank 7.1% and Sumitomo Mitsui Fina…