1. But also supports a devaluation of the Mexican currency, the peso, which would aid manufacturing and agriculture but hurt banks and stocks. 2. In response, one opposition candidate has called for a devaluation that would help small and medium-sized businesses but hurt banks and stocks. 3. Japanese stocks fell as continued concern over bad loan problems hurt banks such as Sumitomo Bank Ltd. and Fuji Bank Ltd. 4. Rising bond yields, which move opposite to bond prices, hurt bank, mortgage and consumer-loan stocks yesterday. 5. The jump in interest rates, which make it more expensive for companies to borrow money, hurt bank shares the most. |