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Sumitomo Mitsui Financial Group Plunges 6.34% Amid US Tariff Fears
Generated by AI AgentAinvest Movers Radar
Friday, Apr 4, 2025 5:54 am ET1min read
On April 4, 2025, Sumitomo Mitsui Financial Group's stock price dropped by 6.34% in pre-market trading, reflecting significant market volatility and investor concerns.
Japan's megabanks, including
, faced substantial pressure on April 3 following the imposition of higher-than-expected tariffs by US President Donald Trump. This move has heightened fears that anticipated interest rate hikes may be delayed, leading to a broader market sell-off.The uncertainty surrounding US trade policies and their potential impact on global financial markets has contributed to the recent decline in Sumitomo Mitsui Financial Group's stock price. Investors are closely monitoring the situation, as any further escalation in trade tensions could lead to additional volatility.
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