SVB collapse will have limited impact on Asia, but one analyst says it could be a warning sign
Publishing timestamp: 2023-03-13 00:59:30
Summary
U.S. regulators have announced measures to stem systemic risks from the collapse of Silicon Valley Bank, but analysts do not expect major contagion effects in Asia. The divergence in monetary policy between China and Japan and the rest of the world is seen as a warning for policymakers. While some Asian banks have exposure to Silicon Valley Bank, Moody's Investors Service says they are not likely to be affected. The market is choosing to overlook the potential troubles that could arise from the fallout of Silicon Valley Bank, and the macroeconomic outlook for the region is unlikely to be deeply affected.
Sentiment: NEUTRAL
Tickers: .HSI,
Keywords: markets, asia economy, hang seng index, economic events, business news, banks, china, japan, world markets, interest rates, financials,
Source: https://www.cnbc.com/2023/03/13/silicon-valley-bank-asia.html