Global financial stocks have lost $465 billion in market value in two days as investors cut exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s collapse. Losses widened Tuesday, with the MSCI Asia Pacific Financials Index dropping as much as 2.7 percent to the…
Tencent has lost its title as China’s biggest company, the latest sign of how far regulatory risk and dimming growth prospects have set back the country’s tech industry.
By Nikos Chrysoloras, Jeanny Yu, and Thyagaraju Adinarayan A year ago, the average stock strategist may not have seen that the world’s best-performing index in 2021 would be Mongolia, or that a movie theater chain would rise 13-fold. And while many were bullish, few predicted the sheer ferocity of the rally that pushed European and US stocks to successive records, or the dip