Published 1 year ago

Shares tumble as stress creeps into markets

Summary by Ground News

Japan's financial stocks leading losses as fear of a U.S. banking crisis gripped investors. Heavy selling hit U.N. lenders Silicon Valley Bank and Signature Bank. Two-year Treasuries had their biggest rally since 1987, and interest rate futures soared. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5%.

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Times of India

Asian markets sink as SVB contagion fears hit banking sector

International Business News: The swift closure of Silicon Valley Bank on Friday, followed by Signature Bank days later, forced US authorities to immediately pledge support for oth

1 year ago·India

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Reuters

Global shares turn higher, stemming rout; bond yields rise

Global shares turned higher on Tuesday, stemming a five-session rout after key U.S. data met expectations and bolstered bets of a smaller interest rate hike by the Federal Reserve at its next meeting.

1 year ago·United Kingdom

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CNN

The fallout from SVB's collapse

After Silicon Valley Bank's sudden collapse, customers are anxious to hear if they will recover their money as many worry if it will lead to even more bank closures. CNN's Laila Harrak walks you through what happened and what fallout is expected.

1 year ago·Atlanta, United States

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KRDO

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·Colorado Springs, United States

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Channel News Asia

Asian markets sink as SVB contagion fears hit banking sector

HONG KONG: Asian markets sank Tuesday (Mar 14), with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders. The swift

1 year ago·Singapore

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Financial Post

Shares tumble as stress creeps into markets

LONDON -- Global shares slid on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day.

1 year ago·Canada

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