|
|
Article: JAPAN'S BANK STOCKS HIT BY SPECTER OF TIGHTER RULES UNDER DPJ.
- Article from:
- AsiaPulse News
- Article date:
- September 15, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
TOKYO, Sept 15 Asia Pulse - Japanese banking and other financial shares were among the biggest losers by sector in the two weeks following the general election, undermined by fears that the incoming government will strengthen lending and other regulations.
The 36 Nikkei sector indexes were ranked according to their changes between Aug. 28 -- the last business day before the general election -- and Monday.
The worst performer was the index for nonbank lenders, but those for brokerage firms and banks also wound up in the bottom five.
Many nonbank stocks slid to lows after it was reported that Democratic Party of Japan leader Yukio Hatoyama, the ...