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Wall Street sinks on worries about banks

Por: Portland Press Herald World May 06, 2023

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BEIJING  — Asian stock markets were mixed Friday after Wall Street sank on worries about the health of U.S. banks that are under pressure from interest rate hikes. Shanghai declined while Hong Kong and Sydney advanced. Markets in Japan and South Korea were closed for the holidays. Oil prices advanced. Wall Street’s benchmark S&P 500 index lost 0.7% on Thursday as investors worried about the health of banks following three high-profile... + full article



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