bearish

Silicon Valley Bank a Stern Reminder but No Cause for Panic in Asia

364 Views14 Mar 2023 17:00
SUMMARY
  • The failure of the US-based Silicon Valley Bank is unlikely to degenerate into a major financial crisis.
  • Asian markets are set, though, to continue suffering asset price corrections and currency depreciations in the near term.
  • Nevertheless, the metrics of Asian resilience such as strong bank capitalisation and external accounts will ensure that these spillovers will be limited in scale and duration.
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