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Deutsche Bank halts nearly half its Japanese equity coverage

Deutsche Bank stopped equity coverage of 11 out of 27 Japanese sectors, the brokerage said in a note to clients today, citing “organizational changes.”

According to the note obtained by Bloomberg News, coverage has been suspended for the following sectors: communications, precision machinery, health care, information technology services, semiconductors, food, toiletries, trading houses, oil, chemicals and textiles.

Aston Bridgman, a Tokyo-based spokesman for the bank, declined to comment.


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