Published 1 year ago

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

Summary by Ground News

Japan's benchmark Nikkei 225 dropped 2.2% to finish at 27,222.04. Shares of MUFG fell 8.6%, Mizuho Financial Group sank 7.1% and Sumitomo Mitsui Financial Group dropped 9.8%. Tech sector companies also were sold, with SoftBank shares losing 4.1%.

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Associated Press News

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

1 year ago·United States

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CNN

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.

1 year ago·Atlanta, United States

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KRDO

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 …

1 year ago·Colorado Springs, United States

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KIFI

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…

1 year ago·Idaho Falls, United States

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Boston Herald

Asian shares extend losses as US banking worries persist

By YURI KAGEYAMA (AP Business Writer) TOKYO (AP) — Asian shares declined Tuesday, as investors around the world continued to be rocked by worries about what’s next to break, following the second- and third-largest bank failures in U.S. history. In Asia, direct exposure to the risks from the U.S. failures seemed slim, at least so far. Hirokazu Matsuno, the Japanese government spokesman, told reporters a major ripple effect to the Japanese financ…

1 year ago·Boston, United States

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My Mother Lode

Asian shares extend losses as US banking worries persist

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 region. Japan’s benchmark Nikkei 22…

1 year ago

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