Asian Stock Market: Risk aversion remains intact as fears of global banking crisis deepen, oil rebounds

Asian stocks are heavily battered further as global banking turmoil fears deepen after Credit Suisse’s debacle.Oil price has rebounded as the US has no further appetite to levy sanctions on Russia.

Dictation of ‘material weakness’ in internal controls of Credit Suisse’s financial reporting conveyed something ugly about the banking firm. The headline was followed by a blunt decline by the Saudi National Bank for infusing more funds into Credit Suisse, the leading investor in the Swiss banking firm, which accelerated fears of some internal financial issues and led to a nosedive move in the share price of Credit Suisse.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Trades mixed to higher as the market digests US CPIThe Asian equity complexes are trading mix in the late hours of the Asian trading session. The ChinaA50 is down about 0.38% and HK50 is down about 0.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock market strategy, outlook: Sell any stock bounces amid SVB falloutSell any rally in the stock market as fallout from Silicon Valley Bank's failure isn't over after government intervention, Morgan Stanley's chief stock strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply. Probably good for inflation. “Edna! Get my broker on the line! We’re putting everything in Gold! We’re circling the drain! And bring the Maker’s Mark with you!”
Source: WSJ - 🏆 98. / 63 Read more »

The Secondary Market for Luxury Watches Has Outpaced the Stock Market Since 2018The numbers don't lie—the secondary watch market is rising. Are watches the new way to grow your wealth? 🤔
Source: RobbReport - 🏆 309. / 63 Read more »

Stock market news today: Stocks shake off bank contagion fearsUS stocks shake off contagion fears to trade mixed amid hopes SVB crisis spurs Fed policy shift Why has the implosion of Silicon Valley Bank and Signature Bank fueled hope that the Fed will end its rate hikes? Higher interest rates are positive for the entire banking sector. Why should the majority be penalized for a very specific subset of 'tech' oriented banking services? We are still in a huge bubble! Wishful thinking and denial everywhere 😔
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market Today: Dow down over 400 points as Credit Suisse drop renews banking fearsTreasury yields plunge as market factors in Fed interest-rate cuts by year-end Cuts… 😂 the system is broken. They need to hike but the banking system can’t handle it so now they panic and go back down? Fens sinking their fangs If this happens, we're going to see ridiculous inflation that would make us wish we had just $10 eggs...
Source: MarketWatch - 🏆 3. / 97 Read more »