Contagion

(Bloomberg) -- While all of the initial talk was about Silicon Valley Bank deposits and any potential impact for other banks around the globe, investors now ...

Asian equities curbed yesterday's enthusiasm driven by China's positive policies following the National People's Congress as SVB's collapse crushed Asian ...

The Hang Seng and Hang Seng Tech fell -2.27% and -2.59% on volume -9.84% from yesterday which is 105% of the 1-year average. Top sub-sectors were agriculture, semis, and telecom while marine industry, power generation equipment, and insurance were the worst. Main Board short turnover declined -15.6% from yesterday which is 97% of the 1-year average as 16% of turnover was short turnover. Shanghai and Shenzhen were off -0.72% and -0.98% as foreign investors were a small net buy +$109 million via Northbound Stock Connect. Shanghai, Shenzhen, and STAR Board were mixed -0.72%, -0.98%, and +1.45% respectively on volume +10.98% from yesterday which is 104% of the 1-year average. Semis was the only positive sub-sector as insurance, technical hardware/equipment, and food/staples were the worst. Remember 60% of MSCI All Country World Index is US stocks while China is 3.5% as of 2/28/2023. None of the positives mattered in a risk off day with all Hong Kong sectors negative as Hong Kong’s most heavily traded were Tencent -0.93%, Alibaba HK -3.9%, AIA -4.38%, Meituan -2.79%, and HSBC -4.71%. Mainland investors bought the dip today with $623 million of net buying with Tencent a strong net buy. Here is the probability of recession by country: US 60%, UK 75%, Germany 60%, France 70%, China 15% and Japan 20%. The US and UK selling Australia nuclear submarines for $245 billion didn’t appear a factor despite the reality of regional nuclear proliferation. I can’t recall a day with such poor advance/decline ratios with Japan’s Topix posting just 66 advancers versus 2,082 decliners, Hang Seng Composite finishing with 73 advancers versus 439 decliners, South Korea’s Kospi having 37 advancers versus 769 decliners, and Thailand with 295 advancers versus 1,664 decliners.

Investor Michael Burry believes the spreading crisis following the collapse of Silicon Valley Bank could resolve “very quickly.”

[Silicon Valley Bank](https://fortune.com/company/svb-financial-group/), a California lender, was seized by federal regulators last week after its customer base of tech startups began withdrawing deposits en masse. [inflation will spike again](https://www.bloomberg.com/news/articles/2023-02-01/will-stocks-fall-michael-burry-says-sell-in-ominous-tweet-ahead-of-fed) and instructed traders to “sell” ahead of February’s Federal Reserve meeting. [Investor](https://fortune.com/company/investor/) Michael Burry believes the [spreading crisis](https://fortune.com/2023/03/14/joe-biden-ability-to-avert-svb-contagion-will-test-competence/) following the [collapse of Silicon Valley Bank](https://fortune.com/2023/03/14/citadel-ceo-ken-griffin-silicon-valley-bank-moral-hazard/) could resolve “very quickly.”

Named for the horror game's brand-new mode, this pack comes with an ultra-hard difficulty mode for the main game and 14 new death animations for protagonist ...

They might be limited to certain deaths that send you back to the start of each chapter. The first major addition in this DLC is the Contagion Mode itself. Named for the horror game's brand-new mode, this pack comes with an ultra-hard difficulty mode for the main game and 14 new death animations for protagonist Jacob.

Fans of The Callisto Protocol got a new batch of content to play around with today thanks to the release of the Contagion Bundle.

Dying won’t send players back to the beginning of the game, but they will have to pick up from the beginning of the current chapter. As for what all is included here, those that opt to download it will get fourteen new death animations for Jacob, the Watchtower skin collection and the titular Contagion mode. This DLC pack comes free as part of either the game’s digital deluxe edition or the season pass, but it’ll cost a little extra for fans who only own the base game.

Days before Signature Bank collapsed, Danny Fishman was scrambling to move hundreds of his buildings' deposits. The goal: have no more than $250,000 — what ...

“They are open for business,” said Christopher Whalen, a financial consultant and analyst. NYCB stock ended the day down 13 percent and M&T shares were down 7 percent during intraday trading before recovering half of that loss. “Otherwise, it would be a panic.” But a sector-wide selloff suggests some investors lost confidence in smaller banks: The KBW Bank Index, which tracks regional banks, fell nearly 12 percent Monday. “Even if other banks are safe and stable, which I think a lot of these small banks are, it doesn’t matter,” Fishman said. The FDIC also removed the bank’s senior leadership and appointed Greg Carmichael, former head of Fifth Third Bancorp, as CEO. But during the pandemic, Signature’s rent-stabilized loan portfolio suffered and its profits fell. The greater fear is whether one bank’s failure could drive a run on its regional competitors, their liquidity, and ultimately, their ability to lend. The bank also provided loans to Steve Croman, Raphael Toledano and [Ved Parkash](/new-york/2021/10/13/former-worst-landlord-sued-for-wage-theft-on-his-birthday/), landlords who faced allegations of tenant harassment. By early last year, over a quarter of its deposits were from crypto clients. But Fishman views the move as a hedge against further fallout. and Federal Reserve would fully cover Signature’s deposits, even amounts above the usual FDIC limit.

The Callisto Protocol is a survival horror game from Striking Distance Studios and KRAFTON. The Contagion Bundle has been announced for The Callisto ...

The Contagion Bundle is available now for The Callisto Protocol for PlayStation 4, PlayStation 5, Xbox One, Xbox Series S The Contagion Bundle also includes 14 new hand-crafted ways for Jacob to die at the hands of the Biophage via new animations for the game. The Contagion Bundle has been announced for The Callisto Protocol which gives players access to Contagion Mode where players will have to fight tactically and use their ammo wisely as they experience a custom balance of stronger enemies, limited resources, and no manual saves.

The Callisto Protocol Contagion Bundle ups the brutality, both in terms of difficulty and gruesome death animations.

The Contagion Bundle is part of The Callisto Protocol’s $30 Season Pass. The Contagion Bundle launches alongside The Callisto Protocol ver. “Death is only the beginning in Contagion Mode, The Callisto Protocol’s ultimate survival horror experience.

U.S. banking fears spread to Europe, with Credit Suisse shares initially plunging nearly 30% and ending the session down double-digits. Shares of French banks ...

Large U.S. The Nasdaq rallied into the close to end the session up 0.05%.\n\nThis analysis comes from the Journal's Heard on the Street team. U.S. banks Citigroup and Wells Fargo fell more than 5% and 3%, respectively.\n\nThe fallout from U.S. The Commerce Department said Wednesday retail sales fell a seasonally adjusted 0.4% in February, suggesting the U.S. Shares of French banks Société Générale and BNP Paribas also logged declines over 10% on the day.\n\nShares of the U.S.'s First Republic Bank closed down more than 21% after the company got a four-notch downgrade to junk-bond status by S&P Global Ratings.