Asian Stock Market: Turmoil continues as SVB collapse-impact not faded yet, oil drops to $74.00

Asian stocks have continued turmoil as the impact of the SVB collapse would take time in healing.

after the collapse of Silicon Valley Bank . Investors have drastically cut their exposure to banks and financial lenders in hopes that the delinquency costs could fuel further.from global central banks have accelerated interest obligations and a failure on them has resulted in a pile-up of Non-Performing Assets .

At the press time, Nikkie225 nosedives 2.16%, ChinaA50 tumbles 0.76%, Hang Seng plunges 1.86%, while Nifty50 remains flat.Kuroda

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