Japanese financial institution shares hunch as JGB yields hit multimonth lows

Japanese financial institution shares fell sharply Tuesday morning because the nation’s authorities bond yields hit multimonth lows within the wake of Silicon Valley Financial institution’s collapse.

Shares of Mitsubishi UFJ Monetary Group Inc. JP:8306 had been lately 7.5% decrease and shares of Sumitomo Mitsui Monetary Group Inc. JP:8316 had been down 8.0%.

Financial institution shares had surged since late…

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