Citigroup Shares Rise After Share Collapse in Japan
By Peter York, Published: July 13th, 2009 9:45 AM CDT
Citigroup Inc. (C) shares in Tokyo had fallen over 6% last night, with the Nikkei index down 2.55%. It looks like Japanese Citigroup traders may have overreacted.
This morning, despite an analyst earnings warning, Citigroup shares are up around 3%, suggesting that Tokyo's light trading of Citigroup had little impact on United States trading. Citigroup shares also trade in Mexico.
