insto - Australian financial markets

Figures released by Thomson Reuters show that Japanese investors have not been shy in snapping up new shares to shore up existing companies. For instance, the Sumitomo Mitsui Financial Group raised US$8.8 billion via a secondary offering this week, marking the biggest follow-on by a Japanese issuer since October 2000 when Nippon Telegraph and Telephone offered US$11.4 billion – which remains the largest ever financial sector issue in Japan.