Asian Bank Stocks Decline as U.S. Regional Banks Face Challenges

Deep News

10/17

Asian bank stocks declined due to heightened concerns about the credit market stemming from loan issues at two U.S. regional banks. The MSCI Asia-Pacific Financial Index fell 0.8% on Friday, which was the largest drag on the broader MSCI Asia-Pacific Index, down 0.4%. The S&P Regional Banking Select Industry Index plummeted 6.3% on Thursday following revelations that Zions Bancorp and Western Alliance Bancorp were victims of fraud when extending loans to funds involved in distressed commercial mortgage loans.

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The MSCI Asia-Pacific Financial Index fell 0.8% on Friday, which was the largest drag on the broader MSCI Asia-Pacific Index, down 0.4%. The S&P Regional Banking Select Industry Index plummeted 6.3% on Thursday following revelations that Zions Bancorp and Western Alliance Bancorp were victims of fraud when extending loans to funds involved in distressed commercial mortgage loans.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KRE","symbol_name":"區域銀行指數ETF-SPDR KBW","start_time":0,"source_url":"","article_id":"1117429295","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117429295","pubTimestamp":1760664101,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Asian bank stocks declined due to heightened concerns about the credit market stemming from loan issues at two U.S. regional banks. 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