SVB collapse could add to China stock investors’ anxiety

China’s CSI300 Index (.CSI300) dropped 4% last week, while Hong Kong’s Hang Seng (.HSI) tumbled 6%, as China’s moderate GDP growth target of around 5% for 2023 – set during the annual session of the rubber-stamp parliament – dashed hopes for a big stimulus. The market mood could be damped further following Friday’s sudden collapse of start-up focused lender SVB (SIVB.O), which […]

from Daily Times https://ift.tt/FQBP4MY