Asian markets sink as SVB contagion fears hit banking sector
The swift closure of Silicon Valley Bank on Friday, followed by Signature Bank days later, forced US authorities to immediately pledge support for other lenders and depositors.
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Employees stand outside the headquarters of Silicon Valley Bank in Santa Clara, California, after it was closed. (AFP photo)
By NewVision Reporter
Journalists @NewVision
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.
The swift closure of