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  • Jim Costa

US banks sold off on contagion fears - Newsquawk Asia-Pac Market Open.

"US stocks wiped out their early post-jobless claims gains amid a mixture of financial contagion fears, tax hike talk and geopolitics. Financials were slammed as SVB Financial (SIVB) dropped more than 60% after filed a USD 1.75bln stock offering to help with its cash burn and which added to fears after the Silvergate (SI) crypto woes in the sector recently, while the four

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