Frankfurt The leading German index Dax started trading on Friday with significant losses. Shortly after opening, it was down 1.8 percent at 15,345 points. Above all, the poor specifications on the US stock exchanges caused selling pressure. Two bad news from the financial sector triggered a price slide on Wall Street on Thursday.
The collapse of crypto bank Silvergate Capital and the fall in the share price of Silicon Valley Bank (SVB) made investors aware of the dangers such as loan defaults that can be associated with the recent rise in interest rates.
>> Read here: US crypto bank Silvergate shuts down – share loses over 40 percent
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