TOKYO : Japanese policymakers on Tuesday played down the risk of the economy taking a hit from the collapse of U.S. lender Silicon Valley Bank, even as fears of a contagion hit financial stocks and sent domestic share prices tumbling.Speaking at a regular news conference, Economy Minister Shigeyuki Goto s
TOKYO : Japanese policymakers on Tuesday played down the risk of the economy taking a hit from the collapse of U.S. lender Silicon Valley Bank, even as fears of a contagion hit financial stocks and sent domestic share prices tumbling.
"We're seeing some risk-aversive moves in the market. But Japan's financial system is stable," Suzuki said at a separate news conference. The market turbulence also comes ahead of a leadership transition at the Bank of Japan with all eyes on how soon the new governor, Kazuo Ueda, will dial back its massive stimulus once he takes office next month.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese banks slide as SVB contagion fear rattles marketsSINGAPORE : Asia's share markets slid on Tuesday, with Japan's financial stocks leading losses as fear of a U.S. banking crisis gripped investors ahead of crucial inflation data due later in the day. Fallout from the collapse of U.S. lenders Silicon Valley Bank and Signature Bank widened overnight, des
Read more »
SVB collapse could add to China stock investors' anxietyHONG KONG : China stock investors, already disillusioned by Beijing's lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said.China's CSI300 Index dropped 4 per cent last week, while Hong Kong'
Read more »
India tech minister says to meet startups on SVB falloutMUMBAI : India's state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank's collapse, as concerns rise about the fallout for the Indian start-up sector.California banking regulators shut down Silicon Valley Bankon Friday after the a r
Read more »
Six Hong Kong-listed firms say their deposits at SVB are immaterialHONG KONG : Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the failed U.S. lender and its impact on operations were immaterial, in an effort to calm investors.Startup-focussed SVB Financial Group,
Read more »
Most Aussie, NZ tech firms confirm minimal exposure to SVB falloutAustralian and New Zealand tech firms said on Monday they did not have material exposure to Silicon Valley Bank following the failure of the U.S. startup-focused lender SVB Financial Group last week, amid fears of a contagion in Asia. Friday's failure of SVB Financial Group, which focuses on technology
Read more »
Dollar slides as US intervenes on SVB collapseSINGAPORE : The U.S. dollar slid on Monday as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank, with investors hoping the Federal Reserve will take a less aggressive monetary path. The U.S. government announced several measures early on Monday Asian hours, and s
Read more »