down 4.1% and big lenders in Asia and Australia on the slide - albeit to a lesser extent - on Friday morning.
"The thinking is that if what the Fed's doing is causing this distress, then perhaps they won't be doing that much more," he said.
US bank jitters hit Asia stocks; yen drops with JGB yields after BOJ
Business News News
Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress.