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The collapse of Silicon Valley wipes out about half a trillion dollars
Economical 2023/03/15
The market value of financial companies around the world fell in two days of trading by $ 465 billion, after the bankruptcy of the American bank
Silicon Valley.
According to the agency, this is the amount of decline in the market value of all companies included in the MSCI World Financials and MSCI EM Financials indices.
And the market value of financial institutions continued its decline yesterday, Tuesday, as the MSCI Asia Pacific index fell in Asian markets by 2.7%, to its lowest level since November 29, 2022.
The share of the “Mitsubishi” group in Japan fell 8.3%, while the share of the “Hana Financial Group” in South Korea fell 4.7%, as well as the shares of “ANZ Group Holding” (ANZ).
Australian 2.8%.
And before that, the American “Newsweek” magazine reported that pension funds around the world had lost “millions of dollars” as a result of the collapse of the “Silicon Valley” bank.
https://alsabaah.iq/73360-.html
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