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Financial markets over-reacting to Trump victory: MUFG chief (Amended)

There is equal uncertainty over the wider impact of Brexit, he adds

Published Fri, Dec 9, 2016 · 09:50 PM

Tokyo

FINANCIAL markets have "moved ahead of reality" in their reaction to the election of Donald Trump as the next US president of the United States, Nobuyuki Hirano, president and chief executive officer of Japan megabank Mitsubishi-UFJ Financial Group, suggested in Tokyo on Friday.

He spoke as Tokyo's Nikkei 225 stock average briefly touched 19,000 - its highest level in a year - against a backdrop of record high stock prices in the US, a surging dollar and generally buoyant…