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$465 billion, that's how much financial stocks have lost as a result in the aftermath of the Silicon Valley Bank collapse. The MSCI Asia Pacific Financials Index fell as much as 2.7%, widening losses. 

SVB Collpase aftermath: Financial stocks tumble, lose $465 billion globally  

$465 billion, that's how much financial stocks have lost as a result in the aftermath of the Silicon Valley Bank collapse. 

$465 billion, that's how much financial stocks have lost as a result in the aftermath of the Silicon Valley Bank collapse. The MSCI Asia Pacific Financials Index fell as much as 2.7%, widening losses.&nbsp;

Financial stocks have seen an erosion of $465 billion in market value, globally, due to after the collapse of Silicon Valley bank.&nbsp;
As per a Bloomberg report, the combined market-capitalisation of the MSCI World Financials Index and MSCI EM Financials Index dropped about $465 billion in three days.&nbsp; Heavyweights like MSCI Asia Pacific Financials fell 2.7%, Mitsubishi UFJ Financial Group fell 8.3%, Hana Financial Group and ANZ Group fell 4.7% and 2.8% respectively.&nbsp;
Globally, stocks have been hit hard despite assurances coming in from regulators and the U.S President,&nbsp; which seem to have been unable to calm sentiment.&nbsp;
Most of the fluctuations are the effect of worries of a contagion effect post the SVB collapse. However, Asian lenders are being seen a insulated from any direct impact.&nbsp;
Due to expectations that the Federal Reserve will delay increasing interest rates in light of recent turmoil in the banking system, two-year Treasury yields experienced their biggest one-day decline since the early 1980s on Monday.
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