Japanese shares extend losses on lingering growth fears [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: Reuters
Japanese shares extend losses on lingering growth fears - Reuters 2 Min Read TOKYO, Aug 16 (Reuters) - Japanese shares extended their losses on Friday morning as global recession worries offset much of the relief stemming from an overnight rebound in Wall Street stocks. Still, overall losses were contained with the Nikkei share average down 0.27% at 20,351.26 as of 0149 GMT. The Index fell 1.2% in the previous session. The Nikkei has lost 1.5% this week, during which an inversion of the U.S. Treasury yield curve -widely regarded as a recession signal- triggered a global sell-off in riskier assets. The fears of a sharp downturn in growth have mainly been fed by a protracted Sino-U.S. trade war, which has already disrupted supply chains and hit export-reliant economies like Japan. Index heavyweights including staffing and recruitment agency Recruit Holdings Co and casual clothing chain store operator Fast Retailing Co shed 3.7% and 0.7%, respectively. Financial shares remained under pre
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SMFG
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SMFG's page on the SEC website