 Market sentiment seems to have taken another hit as Silicon Valley Bank filed for Chapter 11 bankruptcy today. Bank shares in the US are in sharp decline, dragging down the broader market. Yen surges again, bolstered by falling treasury yields too. Dollar, Euro, and Swiss Franc emerged as the weakest performers for the day, with renewed weakness also appearing in commodity currencies. It appears that the markets are not quite ready to settle down as we approach the final trading session of the week. In Europe, at the time of writing, FTSE is down -0.70%. DAX is down -0.90%. CAC is down -1.05%. Germany 10-year yield is down -0.1279 at 2.161. Earlier in Asia, Nikkei rose 1.20%. Hong Kong HSI rose 1.64%. China Shanghai SSE rose 0.73%. Singapore Strait Times rose 0.88%. Japan 10-year JGB yield dropped -0.0240 o 0.273. |
