gnutrade.satya
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The MSCI Asia Pacific Index sank 1 percent today, erasing an earlier gain of as much as 0.3 percent on speculation that equity sales by Daiwa Securities Group Inc. and Mizuho Financial Group Inc. will dilute shareholder value. Futures on the Standard & Poor’s 500 Index were little changed.
Daiwa, Japan’s second-largest brokerage, slumped 12 percent to 587 yen after saying it plans to raise about 240 billion yen ($2.5 billion) in a share sale. Mizuho, Japan’s third-biggest bank by market value, lost 3.4 percent to 229 yen after people familiar with the matter said it may start selling shares as early as this week.
Daiwa, Japan’s second-largest brokerage, slumped 12 percent to 587 yen after saying it plans to raise about 240 billion yen ($2.5 billion) in a share sale. Mizuho, Japan’s third-biggest bank by market value, lost 3.4 percent to 229 yen after people familiar with the matter said it may start selling shares as early as this week.