Asian funds, startups wrap head around SVB collapse as Fed rushes to calm nerves

Asian funds, startups wrap head around SVB collapse as Fed rushes to calm nerves

SVB (Silicon Valley Bank) logo and decreasing stock graph are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration

Silicon Valley Bank’s (SVB) sudden collapse on Friday has left the world’s tech investors and startups in a state of upheaval.

Edited by: Deepshikha Monga

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