Changes in US stocks | European bank stocks generally fell, Deutsche Bank (DB.US) fell 5%

The Zhitong Finance App learned that on Wednesday, European bank stocks generally fell, Deutsche Bank (DB.US) fell 5%, HSBC Holdings (HSBC.US) fell 4%, and Santander Bank (SAN.US) fell more than 3%. Major US bank stocks also fell, with Goldman Sachs (GS.US) falling nearly 3%, Citigroup (C.US) falling more than 2%, and J.P. Morgan Chase (JPM.US), Wells Fargo (WFC.US), Morgan Stanley (MS.US), and Bank of America (BAC.US) falling more than 1%.

According to the news, on October 7, local time, the STOXX Europe Banks Index (STOXX Europe Banks) followed a sharp decline in sovereign bond sell-offs. The biggest intraday decline was about 3.5%, hitting a new low since July. Europe's major banks hold large amounts of Eurozone sovereign bonds on their balance sheets. The sharp decline in the bond market has led to losses on the books available for sale. Investors are worried about eroding the capital buffer. This is the most direct impact.