Nikkei jumps 713 points; cheers on approval of 115 trillion budget for FY2025 - Fri 27 Dec 2024

Nikkei225 Summary
Fri 27 Dec 2024 - Japan’s Nikkei cheers on as PM Ishiba's cabinet approves the draft budget of 115.5 trillion yen ($732 billion) for FY2025. Majority of the budget will be earmarked for elderly care issues for the ageing population and defence.

  • Nikkei225  40,281.16 (+713.10 +1.80%) 201 up 23 down 1 flat
  • Topix   2,801.68 (+34.90 +1.26%)
  • REIT    1,662.65 (-2.35 -0.14%)  
  • JGB 10YR  1.104% (+0.0000) -> new all time high, suggesting upside for bank stocks                                                  
  • USD/JPY  157.84 (-0.16 -0.10%)    
  • Crude Oil  70.26 (+0.64 +0.92%)


Top Performers

  • DeNA Co. Ltd.     ¥3,115.00 (+420.00 +15.58%) - ecommerce & games
  • Nidec Corp.     ¥2,843.00 (+113.00 +4.14%) - industrial electronics -> makes acquisition proposal for Makino Milling Machine  
  • Trend Micro Inc.     ¥8,697.00 (+336.00 +4.02%) - cybersecurity


Bottom Performers

  • Nissan Motor Co. Ltd.     ¥509.20 (-43.20 -7.82%) - automaker -> profit taking
  • Mitsubishi Motors Corp.     ¥550.10 (-12.80 -2.27%) - automaker -> profit taking
  • Takashimaya Co. Ltd.     ¥1,283.00 (-13.00 -1.00%) - retail

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