Shares of Sumitomo Pharma and Sumitomo Chemical Decline Following Short-Seller Report

Deep News

08/04

A US-based short-selling firm, Gotham City Research, issued a report targeting two Japanese companies, causing both Sumitomo Pharma and Sumitomo Chemical to see their shares drop by at least 4.2% during intraday trading in Tokyo.

A spokesperson for Sumitomo Chemical declined to comment on the report, while a representative for Sumitomo Pharma has not yet responded to requests for comment.

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