Nikkei slides 282 points; sea of red for Thu's open as Dow plunges 1,100 points - Wed 18 Dec 2024

Nikkei225 Summary
Wed 18 Dec 2024 - Japan’s Nikkei slides ahead of BOJ's policy decision on Thu as investors stay cautious.

Meanwhile, the Fed cut interest rates as expected by 0.25% on Wed but projected fewer rate cuts for 2025; a reduction from 4 to 2 cuts as the Fed takes a cautious stance to pre-empt incoming trade policies, raising the target policy rate to 3.9% from 3.4%.

Markets plunged on the Fed's higher-for-longer rate projection, with the Dow dropping 1,123.03 (-2.58%) points and the Nikkei futures slipping to 38,470 (-730 -1.86%). A sea of red is likely for Nikkei's opening tomorrow.

  • Nikkei225  39,081.71 (-282.97 -0.72%) 78 up 144 down 3 flat
  • Topix   2,719.87 (-8.33 -0.31%)
  • REIT    1,620.60 (-4.03 -0.25%)
  • JGB 10YR  1.067% (-0.0106)                                       
  • USD/JPY  154.62 (+1.12 +0.73%)     
  • Crude Oil  70.23 (+0.15 +0.21%)


Top Performers

  • Nissan Motor Co. Ltd.     ¥417.60 (+80.00 +23.70%) - automotive - limit up for the day
  • Mitsubishi Motors Corp.     ¥487.20 (+80.00 +19.65%) - automotive - possible inclusion if honda-nissan merge
  • Mazda Motor Corp.     ¥1,011.00 (+53.10 +5.54%) - automotive - possible acquisition target in future


Bottom Performers

  • Sumitomo Pharma Co. Ltd.     ¥579.00 (-27.00 -4.46%) - pharma
  • DeNA Co. Ltd.     ¥2,684.50 (-98.00 -3.52%) - ecommerce & mobile games
  • Honda Motor Co. Ltd.     ¥1,244.50 (-39.00 -3.04%) - automotive -> honda-nissan merger will likely be dilutive for the stronger honda; Honda president Mibe Toshihiro says they are in talks for strategic collaborations but a merger is not certain.


 

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