Asian markets are suffering on collapse of SVB and losses of US stocks

Asia-Pacific markets fell during the session on Tuesday, March 14th, after sharp losses overnight on Wall Street as investors grappled with the fallout from the collapse of US banks, including SVB.

In Japan, the Topix index led the losses and fell by 2.67%, and the Nikkei 225 index fell by 2.9% as Softbank Group shares fell 4% to their lowest level since October last year in early trading.

The kospi index in South Korea fell by 2.5%, the Hang Seng index in Hong Kong fell by 2.19%, while the Shanghai Composite Index fell by 0.48% and the Shenzhen Pence Index fell.