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Mizuho Loan Losses Spread Fear |
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Author: 123jump.com Staff
123jump.com
Last Update: 8:15 AM EST February 01 2008
In Friday trading, Japanese shares declined as investors continued to worry about the loan losses news from Japanese banks. Japan''s second-biggest bank Mizuho fell 5% after reporting a subprime loss of 275 billion yen and cutting its outlook for 2008 by 26%. Concerns over the U.S. jobs data and an 8% decline in Sony shares to a 14-month low also hurt trading sentiment. |
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