The Tokyo Stock Exchange fell 1.42% on concerns in the banking sector

This content was published on Mar 20, 2023 – 06:33
March 20, 2023 – 06:33
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TOKYO, March 20 (EFE). – The main index of the Tokyo Stock Exchange, the Nikkei, fell by 1.42% on Monday, in light of the continuing concern among investors about the problems of American and European banks.

The Nikkei index, which aggregates 225 representative market titles, closed down 1.42%, or 388.12 points, to 26,945.67 integers.

The Topix index, which includes companies in the main section, with the largest capitalization, fell by 1.54%, or 30.12 points, to 1929.30 units.

Tokyo Parque continued its losses on Monday after the shocks it experienced last week, like other global financial markets, in the wake of the bankruptcy of US banks Silicon Valley Bank (SVB) and Signature Bank, to which they added the first bailout plan for the Republic.

It was also announced last Friday about the agreement reached in Switzerland for the USB Bank to absorb the Credit Suisse bank affected by a crisis of confidence, but this measure and the concerted efforts of several major central banks did not seem sufficient to calm fears of a crisis of confidence. financial crisis.

Japan’s Finance Minister, Shunichi Suzuki, said on Monday that the country is “cautiously” watching trends that may occur in the financial market after absorbing the Swiss bank.

Three of Japan’s largest banks, Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group, posted sharp declines today along with other Japanese entities in the sector, with the Japanese market being one of those responding worst to the situation due to concerns over memories of the bankruptcy of Lehman Brothers. .

Among the largest capitalization stocks, tech giant Softbank closed down 0.82%, while global automaker Toyota Motor lost 1.06%.

The losses of the major Japanese financial entities, Mitsubishi UFJ (1.84%), Mizuho (2.33%) and Sumitomo Mitsui (1.67%), stand out as punishable by the SVB impact.

In the main section, 93 stocks rose against 1,723 decliners, and 19 stocks closed unchanged.

The turnover was 2.97 trillion yen (21,162 million euros). EFE

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