Sumitomo Electric Industries is trading at $7.33, down 5.42%, amid broader risk-off pressure as higher Treasury yields and rising oil prices renew inflation concerns.
- Reuters reported Brent crude up 4.7% at $104.87 late Thursday morning.
- The 10-year Treasury yield was 5.305% late Thursday morning.
- No clear company-specific announcement explaining the decline surfaced in the search. Tokyo-listed shares also fell, but that does not establish a company-specific catalyst.