SVB’s troubles seep into nervous global markets

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Banking stocks in firing line as trading in tech-focused lender is halted

There were other casualties elsewhere on the Dublin market. Smurfit Kappa fell almost 3 per cent, while Kerry Group shed 2.16 per cent and Glanbia lost 1.3 per cent over the day. Building stocks also suffered, with Kingspan down 1.6 per cent to €63.62, and CRH was off the pace, clocking up a 1.55 per cent loss on its share price before the closing bell.

Among individual stocks, Amigo slumped 13.5 per cent after the sub-prime lender said it was struggling to secure the additional £45 million of capital from investors it had targeted as part of a court-approved rescue plan. Banks fell 3.8 per cent, the biggest one-day fall in nine months, as HSBC, Deutsche Bank, Barclays, Unicredit and Commerzbank dropped between 2.6 per cent and 7.4 per cent.Among other notable movers on Friday, ASML Holding

 

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