The Chinese data released earlier in the day have supported the risk tone, the Industrial Productions for February came in at 2.4% vs. 2.7% expected, and the Retail Sales for the same month came in at the expected 3.5% .
Meanwhile, some report has suggested that many Indian startups and tech companies were linked to Silicon Valley Bank’s fallouts. One might argue that it’s hard to remain isolated in the globalization era. But nothing is officially announced yet. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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