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.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1099852/deutsche-bank-halts-nearly-half-its-japanese-equity