Shares of US-listed Japanese stocks are trading lower amid overall Asia-Pacific weakness.
Portfolio Pulse from Benzinga Newsdesk
US-listed Japanese stocks, including MUFG, SMFG, and TM, are experiencing a downturn due to overall weakness in the Asia-Pacific market.
November 08, 2023 | 7:44 pm
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NEGATIVE IMPACT
Mitsubishi UFJ Financial Group (MUFG) stock is trading lower due to overall Asia-Pacific market weakness.
As a major Japanese bank, MUFG is directly impacted by the overall economic conditions in the Asia-Pacific region. The current weakness in this market is likely to negatively affect MUFG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group (SMFG) stock is trading lower due to overall Asia-Pacific market weakness.
As a major Japanese bank, SMFG is directly impacted by the overall economic conditions in the Asia-Pacific region. The current weakness in this market is likely to negatively affect SMFG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Toyota Motor Corporation (TM) stock is trading lower due to overall Asia-Pacific market weakness.
As a major Japanese automaker, TM is directly impacted by the overall economic conditions in the Asia-Pacific region. The current weakness in this market is likely to negatively affect TM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100