Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Asian financial stocks including KB Financial Group rise, outperforming the broader market, on expectations that rising rates would lift bank margins and returns on fixed-income investments.
- Fast Retailing Co. shares fell as much as 3.8%, after a drop in the August sales of the company’s retail brand, Uniqlo.
- Cosco Shipping and other shipping stocks are benefiting from charging higher rates due to instability in the Middle East.