$MUFG

24 stories mentioning MUFGUpdated 12d ago

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Asian Equities Traded in the US as American Depositary Receipts Soar in Wednesday Trading

Asian equities traded in the US as American depositary receipts were soaring Wednesday morning, rising 3.38% to 2,885.55 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by tech companies Baidu (BIDU) and Alibaba Group (BABA), which climbed 8.3% and 6.1% respectively. They were followed by fintech firm J and Friends (JF) and lender Mitsubishi UFJ Financial Group (MUFG), which advanced 4.4% and 3.6% respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and polysilicon manufacturer Daqo New Energy (DQ), which fell 5.6% and 5.1% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and brand platform 36Kr (KRKR), which were down 2.8% and 2.3% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which rose 5% and 3.5% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 3.3% and 2.3% respectively.The only decliners from South Asia were computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 3.8% and 0.9% respectively.

$BABA$BIDU$CAN$CCM$DQ$HDB$IBN$JF$KRKR$MUFG$RDY$SE$SIMO$TDTH

Sectors132d ago

Sector Update: Financial Stocks Decline in Afternoon Trading

Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.Bitcoin (BTC-USD) was increasing 1.9% to $80,023, and the yield for 10-year US Treasuries was rising 7.6 basis points to 4.45%.In economic news, new orders for US factory goods rose by 1.5% in March, above expectations for a 0.6% gain in a Bloomberg-compiled survey, following a revised 0.3% increase in February. Excluding a 0.8% rebound in transportation orders, new orders would have been up 1.6%, above a 1.3% gain expected and the same as in February.In corporate news, American Express Global Business Travel, which is operated by Global Business Travel (GBTG), on Monday agreed to be acquired by Long Lake Management in an all-cash deal worth about $6.3 billion. Global Business Travel shares surged 57%.Blackstone (BX) Digital Infrastructure Trust set its initial public offering at 87.5 million shares with an anticipated price of $20 per share, according to a filing with the Securities and Exchange Commission. Blackstone shares were down 0.9%.JPMorgan Chase (JPM), Morgan Stanley (MS), SMBC and MUFG (MUFG) are exploring ways to distribute data center-related debt to broader investors as AI infrastructure financing strains bank balance sheets, the Financial Times reported. The banks are looking at private loan sales and significant risk transfers, or SRTs, to reduce exposure to large individual borrowers and free up lending capacity, the report said. JPMorgan Chase shares fell 1.4%, Morgan Stanley was shedding 0.9%, and MUFG decreased 0.3%.

$BX$GBTG$JPM$MS$MUFG

Asia Markets139d ago

Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Monday Trading

Asian equities traded in the US as American depositary receipts were tracking modestly lower Monday morning, down 0.1% to 2,793.1 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by fintech firm Qfin (QFIN) and mobile app developer Cheetah Mobile (CMCM), which rose 2.1% each, and lender Mitsubishi UFJ Financial Group (MUFG), which was up 1.5%.The decliners from North Asia were led by semiconductor companies Himax Technologies (HIMX) and ASE Technology (ASX), which fell 5.6% and 4.5% respectively. They were followed by computer hardware maker Canaan (CAN) and music streaming service Tencent Music Entertainment Group (TME), which dropped 1.2% and 0.3% respectively.From South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and lender HDFC Bank (HDB), which advanced 2.4% and 1.2% respectively. They were followed by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which increased 0.6% and 0.3% respectively.The decliners from South Asia were IT firms Sify Technologies (SIFY) and Infosys (INFY), which lost 3.7% and 2.6% respectively.

$ASX$CAN$CMCM$HDB$HIMX$INFY$MUFG$QFIN$RDY$SE$SIFY$TME$WIT

Wire142d ago

Market Chatter: MUFG Bank Ropes in APAC Project Finance Head From Clifford Capital

Mitsubishi UFJ Financial's (MUFG) MUFG Bank has appointed Saumitra Shrivastava as head of Asia Pacific project finance, Bloomberg reported Friday, citing people familiar with the matter.Shrivastava will join the Singapore-based project in July from Clifford Capital, as Shivanan Sivarajah left the role for National Australia Bank in November, according to the report.MUFG did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $17.29, Change: $+0.07, Percent Change: +0.41%

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