SHANGHAI, March 17 (Reuters ... when China suspended its newly introduced stock market circuit breaker after the mechanism sparked sharp falls in share prices. (Reporting by Winni Zhou and Brenda Goh; ... ( read original story ...)
China Watches U.S. Banking Crisis
Their main business is a 2012 undertaking with the Shanghai Pudong Development Bank, a 50-50 joint venture known as SPD Silicon Valley Bank, or SSVB. Like its now-bankrupt California cousin, SSVB ... ( read original story ...)
Financial Contagion Weighs On Sentiment
Remember, yesterday’s economic data was broadly stronger than anticipated, while the PBOC added liquidity to the financial system ... Mainland markets were off on poor breadth, with Shanghai and ... ( read original story ...)
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. The Swiss National Bank (SNB) has promised an advance of 50bln Swiss Francs to Credit ... ( read original story ...)
Asian stocks fall after Wall St sinks on new bank fears
BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders. ( read original story ...)
Chinese Banking Shares Emerge as Havens Amid Global Sector Woes
Gains in state-owned lenders have stood out, with shares of Bank of China Ltd. in Shanghai rising for a fourth day on Thursday, reaching their highest level since July 2020. ( read original story ...)
SHFE Tin Prices Fall amid Bank Crisis
Affected by the liquidity crisis facing Credit Suisse, SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%. On the fundamentals, the warrants fell significantly ... ( read original story ...)