Market Chatter: MUFG Overtakes Toyota Motor, Kioxia as Japan's Most Valuable Company with 42 Trillion Yen Valuation

MT Newswires Live

07/13

Mitsubishi UFJ Financial Group (TYO:8306) overtook Toyota Motor (TYO:7203) and memory chip manufacturer Kioxia Holdings (TYO:285A) to become the most valuable company in Japan with a total valuation of 42 trillion won, several media outlets reported Monday.

The valuation is based on Mitsubishi UFJ Financial Group's stock price movement on Monday, when shares momentarily surged to 3,564 yen per share, rising 103 yen from Friday's close and hitting an all-time high, according to The Japan Times.

The valuation surpassed Toyota Motor's roughly 41 trillion yen and Kioxia Holdings' 36.7 trillion yen market valuation, according to Bloomberg News.

Shares of Mitsubishi UFJ Financial Group added over 2% at market close, while those of Toyota Motor declined nearly 1%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FXY","symbol_name":"日元ETF-CurrencyShares","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2651929911","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651929911","pubTimestamp":1783932701,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}