Shares of Japanese stocks are trading lower following a drop in Japanese Manufacturing and Services PMI figures in June.
Portfolio Pulse from Benzinga Newsdesk
Japanese stocks are trading lower due to a decline in Manufacturing and Services PMI figures in June.
June 23, 2023 | 5:16 pm
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NEGATIVE IMPACT
Mitsubishi UFJ Financial Group (MUFG) shares may be negatively impacted by the drop in Japanese Manufacturing and Services PMI figures.
As a major Japanese financial institution, MUFG's performance is closely tied to the health of the Japanese economy. The decline in Manufacturing and Services PMI figures indicates a potential slowdown, which could negatively impact MUFG's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group (SMFG) shares may be negatively affected by the decline in Japanese Manufacturing and Services PMI figures.
As a major Japanese financial institution, SMFG's performance is closely tied to the health of the Japanese economy. The decline in Manufacturing and Services PMI figures indicates a potential slowdown, which could negatively impact SMFG's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Sony Corporation (SONY) shares may be negatively impacted by the drop in Japanese Manufacturing and Services PMI figures.
As a major Japanese electronics and entertainment company, Sony's performance is closely tied to the health of the Japanese economy. The decline in Manufacturing and Services PMI figures indicates a potential slowdown, which could negatively impact Sony's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Toyota Motor Corporation (TM) shares may be negatively affected by the decline in Japanese Manufacturing and Services PMI figures.
As a major Japanese automaker, Toyota's performance is closely tied to the health of the Japanese economy. The decline in Manufacturing and Services PMI figures indicates a potential slowdown, which could negatively impact Toyota's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75