Dow Jones Newswires: Japanese bank stocks slump as JGB yields hit multimonth lows

by | Mar 13, 2023 | Stock Market

Japanese bank stocks fell sharply Tuesday morning as the country’s government bond yields hit multimonth lows in the wake of Silicon Valley Bank’s collapse. Shares of Mitsubishi UFJ Financial Group Inc. JP:8306 were recently 7.5% lower and shares of Sumitomo Mitsui Financial Group Inc. JP:8316 were down 8.0%. Bank stocks had surged since late…

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