Header Ad

India wins the Border-Gavaskar Trophy in 2023 for the fourth time in a row while Australia holds on for a scoreless draw in Ahmedabad.

Australia and India played in the final Test match at Ahmedabad to…

Sejal News Network Fav
Sejal News Desk

In India, the first Galaxy Z Flip rival was released.

The foldable form factor will be a major trend in 2023, according…

Saurabh Tamhane
Saurabh Tamhane
Since Friday, the combined market value of the firms tracked by the MSCI Global Financials Index and the MSCI EM Financials Index has decreased by nearly $465 billion. As investors reduced their exposure to lenders from New York to Japan in the wake of Silicon Valley Bank's failure, the market value of global financial equities fell by $465 billion in only two days. The MSCI Asia Pacific Financials Index fell as much as 2.7% today, reaching its lowest level since November 29 as losses escalated. In Japan, Mitsubishi UFJ Financial Group Inc. dropped as much as 8.3%, Hana Financial Group Inc. dropped 4.7%, and ANZ Group Holdings Ltd. lost 2.8%. There are worries that financial institutions' investments in bonds and other securities may have an impact on the anxiety brought on by the SVB. As a result of predictions that the Federal Reserve will delay hiking rates owing to the turbulence in the banking sector, Treasury yields fell on Monday. Investors cut exposure to lenders in the wake of Silicon Valley Bank's collapse. (File) As investors reduced their exposure to lenders from New York to Japan in the wake of Silicon Valley Bank's failure, the market value of global financial equities fell by $465 billion in only two days. The MSCI Asia Pacific Financials Index fell as much as 2.7% today, reaching its lowest level since November 29 as losses escalated. In Japan, Mitsubishi UFJ Financial Group Inc. dropped as much as 8.3%, Hana Financial Group Ltd. of South Korea dropped 4.7%, and ANZ Group Holdings Ltd. of Australia dropped 2.8%. There are worries that financial institutions' investments in bonds and other securities may have an impact on the anxiety brought on by the SVB. As a result of predictions that the Federal Reserve will delay hiking rates owing to the turbulence in the banking sector, Treasury yields fell on Monday. "The financial markets are walking on eggshells," John Woods, Credit Suisse Group AG's chief investment officer for Asia-Pacific, said in an interview with Bloomberg Television. "We must know with certainty what effect this is likely to have on the larger market. My impression is that the Fed will probably take a break since, in my opinion, the liquidity risk is the main factor at play." Since Friday, the combined market value of the firms tracked by the MSCI Global Financials Index and the MSCI EM Financials Index has decreased by nearly $465 billion. While the KBW Regional Banking Index fell 7.7% on Monday, the biggest drop since June 2020, US regional banks were among the worst hit. Given their strong deposits, asset mix, and liquidity, major northern Asian banks generally have "little danger of the rapid run on deposits that crushed Silicon Valley Bank," according to a note by Bloomberg Intelligence analyst Francis Chan. Micro lenders may carry credit and liquidity concerns that are readily missed. According to statistics on over 130 Asia Pacific lenders with more than $5 billion in assets compiled by Bloomberg, Japanese banks consistently rank among the highest unrealized loss-to-equity ratios in the region. Among those having unrealized loss-to-equity ratios of at least 9% are Jimoto Holdings Ltd., Tsukuba Bank Ltd., and Fukushima Bank Ltd. Each of the three, with market values under $150 million, has decreased more than 10% in just three days. Since December, Japanese financial equities have increased on hints that the country's central bank is shifting away from ultra-loose monetary policy and towards tightening. Post a comment "I'm selling banks and insurers today," said Taku Ito, chief fund manager at Nissay Asset Management Corp. "No doubt it's a defeat but I think a lot of fund managers are also doing the same because bank shares had been rising and a lot of growth managers have been increasing bank shares." Read More :- https://worldthirdeye.com/health-tips-for-todays-generation/
LatestWorld

Global Financial Stocks Lose $465 Billion In 2 Days On SVB Impact Worry

Stocks : Since Friday, the combined market value of the firms tracked…

Saurabh Tamhane
Saurabh Tamhane
Business

Philips Flashlights India: Your Reliable Source for Cutting-Edge Lighting Solutions Designed for the Indian Consumer’s Needs

In a world that is constantly evolving, Philips Flashlights India stands as…

Jitendra
Jitendra

Government Criticizes London Comments by “Rahul Gandhi, In Shameless Way”

Rahul Gandhi's comments in front of the Lok Sabha were denounced by…

Saurabh Tamhane
Saurabh Tamhane

The 2.0 version of Tanishk is definitely winning hearts

_Singer & Composer Tanishk’s latest single receives much adulation from netizens_ Recently,…

Saurabh Tamhane
Saurabh Tamhane
Business

PUSATCUAN Leads the Digital Marketing Industry in Delhi, Offering Tailored Solutions for Brands to Maximize Visibility

In an era where digital presence is paramount to a brand’s success,…

Jitendra
Jitendra

Indian singing sensation Tulsi Kumar talks about her upcoming song series ‘Truly Konnected’ as a dedication to fans. Shares deets on her Instagram Live!

In a recent Instagram live the amazing singer Tulsi Kumar spoke about…

Saurabh Tamhane
Saurabh Tamhane

Elon Musk declares that he is “open” to the possibility of purchasing Silicon Valley Bank.

It all began when Min-Liang Tan, the CEO of Razer, suggested that…

Saurabh Tamhane
Saurabh Tamhane
Tata Technologies Files For IPO; Tata Motors, Other Investors To Sell 23.6%
BusinessLatestTechnology

Tata Technologies Files For IPO; Tata Motors, Other Investors To Sell 23.6%

By Tata Motors, Alpha TC Holdings, and Tata Capital, the Tata Technologies…

Saurabh Tamhane
Saurabh Tamhane

Follow US

Find US on Social Medias
Popular News