Reported 2 months ago
Japanese bank stocks saw a staggering decline of 26.5% during a recent market rout, surpassing the broader Topix index's drop of 20.3%. However, signs of a rebound emerged, with bank shares rising 7.9%. The downturn was unexpected as rising interest rates from the Bank of Japan typically favor bank profits. Analysts believe that the recent sell-off may lead to relative resilience in bank stocks, given their high dividend yields and limited exposure to foreign-exchange fluctuations.
Source: YAHOO