Sumitomo Mitsui Financial Group shares rise 5.54% intraday after US-Japan trade deal and digital bank partnership.

Sumitomo Mitsui Financial Group, Inc. surged 5.54% intraday, driven by the U.S.-Japan trade agreement announced on July 22, which lowered the tariff cap on Japanese imports to 15% from the previously planned 25%, and the formation of a digital banking joint venture with Money Forward on July 22.