Stock Track | Mizuho Plunges 6.10% in Night Session as Investment in Rakuten Bank Report is Denied

Stock Track05-18 11:32

Mizuho Financial Group's stock experienced a significant 24-hour plunge of 6.10% during the night session, with the decline following the denial of reports regarding a potential strategic investment.

The sell-off came after Mizuho Financial Group clarified that it has made no decision yet on a potential investment in Rakuten Bank, refuting earlier newspaper reports. Rakuten Group and Rakuten Bank also issued separate statements denying the reported investment plans from Mizuho.

The collective denials from all involved parties appear to have disappointed investors who may have viewed a potential investment in Rakuten Bank as a positive strategic move for Mizuho, leading to the sharp decline in its share price.

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