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Credit Suisse and SVB are just first few domino's
While regulators responded quickly problems are only beginning
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https://www.bloomberg.com/news/articles/...-from-over
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(This post was last modified: 20-03-2023, 01:24 PM by
sgbuffett.)
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HSI plunge below key 19,000 as banking crisis spread fast
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Why STI still steady . .? HK now not so influence here not yet big drop.
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(20-03-2023, 01:29 PM)ysh02 Wrote: Why STI still steady . .? HK now not so influence here not yet big drop.
Hong Kong is a bigger financial center than Singapore and many European banks are set up at HK for the purpose of.doing business in China.
The other problem is with HK peg with USD.
Most people don't know this it has been attacked over a 2 yr period.prior to 2023, this may resume once situation worsen. The peg is a target during every crisis.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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