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Stock impact report

Strategists See Japan Asset Drop After Coalition Loses Majority [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The Tartarian Candidate Booming Cambridge Exposes England's Widening Wealth Gap Robotaxis Are No Friend of Public Transportation A Courtyard Apartment Building Designed for Southwest Sprawl Argentina Drug Trafficking Hotspot Sees Murders Plunge Political uncertainty will likely weigh on sentiment for investors in Japanese assets after a gamble by Prime Minister Shigeru Ishiba to call a snap lower house election backfired. Public support for the LDP has nosedived after revelations last year that party members were secretly enriching themselves with funds from supporters. This is what analysts and strategists are saying: “Japanese stocks will be sold off due to the uncertainty over the future of the political situation,” said Jumpei Tanaka, a strategist at Pictet Asset Management Japan Ltd. “There is also a possibility that Prime Minister Ishiba will be forced to step down, and this is also expected to weigh on Japanese stocks.” “Although th Show less Read more
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