Nikkei slips; Honda white knight saving Nissan from Hon Hai - Thu 19 Dec 2024

Nikkei225 Summary
Thu 19 Dec 2024 - Japan’s Nikkei slips at the open before recovering losses after BOJ decides to keep rates steady at 0.25% for now. Thanks Ueda san.

Meantime, Honda has accelerated acqusition talks with Nissan as Taiwan's Hon Hai Precision Industry - also known as Foxconn - has started talks with France's Renault to acquire its 36% stake in Nissan.

Nissan's management feels that it is better to keep the automaker's controlling interest within Japanese business circles than to let it fall into the hands of Hon Hai or other activist investors.

  • Nikkei225  38,813.58 (-268.13 -0.69%) 81 up 142 down 2 flat
  • Topix   2,713.83 (-6.04 -0.22%)
  • REIT    1,613.45 (-7.15 -0.44%)
  • JGB 10YR  1.086% (+0.0194)                                           
  • USD/JPY  157.41 (-0.03     -0.02%)
  • Crude Oil  69.85 (-0.73 -1.03%)


Top Performers

  • Nissan Motor Co. Ltd.     ¥444.80 (+27.20 +6.51%) - automotive - global interest in nissan stakes continue to rise
  • IHI Corp.     ¥8,604.00 (+404.00 +4.93%) - industrial systems
  • Kawasaki Heavy Industries Ltd.     ¥6,570.00 (+206.00 +3.24%) - industrial systems


Bottom Performers

  • Rakuten Group Inc.     ¥917.30 (-79.50 -7.98%) - ecommerce, finance, mobile
  • Nitori Holdings Co. Ltd.     ¥18,675.00 (-1,065.00 -5.40%) - furniture & home interior goods
  • SoftBank Group Corp.     ¥9,025.00 (-409.00 -4.34%) - telecoms & venture investor


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