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REFILE-SMFG stock up on report to invest in Goldman

Tue Sep 23, 2008 10:19pm EDT

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(Corrects gender of speaker in third paragraph)

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TOKYO, Sept 24 (Reuters) - Shares of Sumitomo Mitsui Financial Group (8316.T) (SMFG) turned higher after Kyodo news agency said Japan's third-largest bank planned to invest in U.S. investment bank Goldman Sachs [nTFA003038].

SMFG shares ended the morning session up 2.2 percent at 691,000 yen, off a low of 648,000 yen hit before the report.

A spokeswoman for SMFG said the bank did not have plans at this time to invest in Goldman Sachs. (Reporting by Yumiko Nishitani)

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