Sumitomo Mitsui Financial Group is trading at $24.82, down 4.21%, as surging Treasury yields pressure the shares.
- Reuters reported the 10-year yield reached 5.306%, its highest since June 2007.
- The Dow is down 0.70%, adding to broad market weakness.
- A two-for-one stock split and ADR-ratio change took effect October 1; available sources do not establish them as causes of the decline.