Japanese stock futures fell after Fitch Ratings said a worsening European debt crisis is a “serious risk” to U.S. banks, stoking concern about the global financial system. Australian stocks were little changed.
American depositary receipts of Mitsubishi UFJ Financial Group Inc. (8306), Japan’s biggest lender by market value, dropped 2.5 percent from the closing share price in Tokyo. Those of Komatsu Ltd. (6301), the country’s largest maker of construction machinery, slid 1.5 percent. BHP Billiton Ltd. (BHP), an Australian oil producer, rose 0.2 percent after oil climbed above $100 a barrel.
Read the rest of the story: Japan Stock Futures Fall After Fitch Says Europe Threatens U.S. Banks.