Reported 3 days ago
Asian financial stocks fell on Friday, particularly in Japan, in response to worries about the U.S. banking sector's credit quality following recent regional banking failures. Key players like Tokio Marine and Mizuho saw their shares drop nearly 3%. Analysts noted that while the issues raised concerns, they are not expected to pose systemic risks, yet fears of lax lending standards and potential fraud could impact market sentiment further.
Source: YAHOO