PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Kanadevia (7004 JT) and Nippon Steel (5401 JT) unit Nippon Steel Engineering announced the start of talks toward a merger
The announcement of merger talks between Kanadevia and Nippon Steel Engineering signifies a significant strategic move, potentially consolidating over JPY 1 trillion in sales.
South Korea Foreign Minister says South Korea is not intentionally delaying US investment
Japanese Foreign Exchange Reserves (Jan) 1.39T (Prev. 1.37T)
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Kanadevia (7004 JT) and Nippon Steel (5401 JT) unit Nippon Steel Engineering announced the start of talks toward a merger
Japanese Household Spending YoY (Dec) Y/Y -2.6% vs. Exp. 0% (Prev. 2.9%, Low. -3.7%, High. 1.0%)
Japanese Household Spending MoM (Dec) M/M -2.9% vs. Exp. -1.3% (Prev. 6.2%, Low. -3.5%, High. 0.1%)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
JAPAN
Aisin (7259 JT) - Co. will set up a Canadian joint venture with Toyota Tsusho (8015 JT) and Minth Group (425 HK) to manufacture aluminium components for electric vehicles. (Nikkei)
Kanadevia (7004 JT) - Co. and Nippon Steel (5401 JT) unit Nippon Steel Engineering announced the start of talks toward a merger that would create a company with over JPY 1tln in sales. (Nikkei)
Kirin Holdings (2503 JT) - Co. is to sell Four Roses bourbon brand to US winemaker E. & J. Gallo Winery for USD 640mln. (Nikkei)
MCJ Co (6670 JT) - Co. is to launch a USD 1.3bln management buyout with Bain. (Nikkei)
Nishi-Nippon Railroad Co (9031 JT) - Co. is to build homes in Manila suburbs. (Nikkei)
Other News
Japan's ruling parties could win over 60% of seats in the lower house election, according to a Nikkei poll. (Nikkei)
SOUTH KOREA
CJ Cheiljedang (097950 KS) - Co. is to cut sugar and flour prices to help curb inflation. (Yonhap)
KT&G Corp (033780 KS) - Co. Q4 (KRW) net fell 15.7% Y/Y to 274.2bln, oper. profit rose 17% Y/Y to 248.8bln, rev. rose 10.1% Y/Y to 1.71tln. (Yonhap)
Lotte Shopping (023530 KS) - Co. FY (KRW) consolidated operating profit rose 15.6% Y/Y to 547.0bln, consolidated sales fell 1.8% Y/Y to 13.7tln. (ChosunBiz)
Naver (035420 KS) - Co. Q4 (KRW) net fell 68% Y/Y to 164.6bln (exp. 563.7bln), rev. rose 10.7% Y/Y to 3.19tln. (Yonhap)
Other
White House Press Secretary said she does not have a timeline regarding South Korea tariffs. (Newswires)
This merger could reshape competitive dynamics in the Japanese steel sector, impacting related equities and investor sentiment towards M&A activity in the region. Watch for reactions from peers and potential future consolidation trends in the industry.
Related headlines
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates3 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln3 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed3 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources3 hours ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday4 hours ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks4 hours ago
- Ukrainian Navy says it struck a Russian support vessel in Sochi port47 min ago
- [MARKET UPDATE] Yen strength continues with USD/JPY below 157.50, EUR/JPY below 183.00 - no headline driver but traders cite increased BoJ hike bets6 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee36 min ago
- Russian Deputy PM Novak says Russia's gas supplies to China will reach 50bln cubic metres this year, reports Tass55 min ago
- Israeli Defence Minister Katz says the military will target all of Iran's infrastructure, including energy; an Iranian attack would free Israel from its existing limits2 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind3 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement4 hours ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 5 hours ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output6 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US8 hours ago
- [MARKET UPATE] Further JPY strength with EUR/JPY below 182, USD/JPY beneath 157 to a 156.63 base, surpassing 7th August low5 hours ago
- US President Trump clarifies that Commerce Secretary Lutnick had Venezuela on his mind when he said nobody was killed, adds that 18 people were killed in Iran33 min ago
- US President Trump posts image of 20mln BPD through the Hormuz vs. 18mln BPD before54 min ago
- Russian Deputy PM Novak says Russia is experiencing some gasoline shortages1 hour ago
The whole workspace, free to try.
Try it free