Asia’s Market Reaction To Credit Suisse & UBS
Market Depth
00:00
Bank Shares Should Continue to See Downside Today, You Know?
HSBC and standard chartered are both down heavily today during the age of training session they're both down over 5% on volume. So it seems that while there is a broader macro driven downside move to global megacap bank stocks as per topic, bank shares being down. There are also investors who are looking granularly at things like AT1 bonds and various other fundamental, you know, exposures and selling shares down as well. The Japan bank stocks will be hit less than the European ones because they have that additional sort of sell catalyst or self force or momentum in play in the form of these sort of 81 bonds. Either way, this looks like a set up for Euro stocks banks
Transcript
Play full episode
