Business Maverick: Global financial stocks lose $465bn on SVB impact worry

📆 14/03/2023 5:10 a. m.
📰 dailymaverick

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 84%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Global financial stocks have lost $465-billion in market value so far as investors cut exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s collapse.

Losses widened early on Tuesday, with the MSCI Asia Pacific Financials Index dropping as much as 2.7% to the lowest since Nov. 29. Mitsubishi UFJ Financial Group slid as much as 8.3% in Japan, while South Korea’s Hana Financial Group fell 4.7% and Australia’s ANZ Group Holdings lost 2.8%.

The combined market capitalisation of the MSCI World Financials Index and MSCI EM Financials Index has dropped about $465-billion in three days.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Global bank stocks under pressure on Silicon Valley Bank falloutEurope’s bank shares suffered their biggest fall in over a year as global efforts to limit the fallout from the collapse of SVB failed to ease fears.
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

MARKET WRAP: JSE pares losses as global markets assess fallout from SVB’s collapseGains in local precious metals and resources stocks helped lift the JSE off its intraday worst levels
Fuente: BDliveSA - 🏆 12. / 63 Leer más »