Updated Mar 14, 2023, 8:44am EDT
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The global fallout of the SVB collapse explained in three charts

A chart illustrates falling trade prices at SVB over the course of one year.

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The News

Shares in Asian markets broadly fell on Tuesday amid ongoing fears of a financial fallout after Silicon Valley Bank’s collapse last week, the largest U.S. bank to fail since the 2008 financial crisis.

Japan’s Nikkei index closed with a 2.19% loss, while China’s Hang Seng index recorded a 2.27% drop at close of trade. European index STOXX had lost 5.38% when trade ended Monday.

Global financial leaders have called for calm from investors as countries try to avert their own crises since U.S regulators took over SVB on Friday.

Here’s a look at where the situation stands now through three charts.

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Know More

Asian markets largely fell, with Japan’s Nikkei index closing low for a second consecutive day on Tuesday.

In China, where SVB was a gateway to U.S. dollars for many tech startups, the Financial Times reported the bank’s collapse has left some Chinese funds and startups “in the lurch.”

European markets have also taken a hit. Here’s a look at the current situation facing the EU’s STOXX index: