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$465 billion was “lost” in three days because of Silicon Valley Bank

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«Χàθηκαν» 465 δι σ ; της Silicon Valley Bank

Global financial stocks lost more than $465 billion in market value in three days, after collapse of Silicon Valley Bank as investors rush to reduce exposure to credit institutions from New York to Japan.

It is noted that the total value of the companies included in the MSCI World Financials Index and the MSCI EM Financials Index fell about $465 billion in three days starting Friday, according to Bloomberg.

< p>According to the note, concerns remain that financial firms could take a hit from their investments in bonds and other assets due to the turmoil caused by the collapse of SVB.

Indeed, yields Treasury yields fell on Monday amid expectations that the Fed will hold off on raising interest rates because of the state of the banking system.

Source: 24h.com.cy

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