Financial markets over-reacting to Trump victory: MUFG chief (Amended)
There is equal uncertainty over the wider impact of Brexit, he adds
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 equity markets.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
