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Sumitomo Mitsui Trust Said to Cut Profit Outlook on Hedging Loss

(Bloomberg) Sumitomo Mitsui Trust Holdings Inc. plans to halve its profit forecast for the current fiscal year to around ¥100 billion ($668 million) due to a hedging loss, people with knowledge of the matter said. The shares fell.Most Read from BloombergIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael Deepens a War With Hamas That Has No End in SightHow This Israel-Hamas Conflict Is Like Nothing That’s Happened BeforeUkraine Recap: Russian Su-25 Fighter Jet Said to be Shot Down

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