PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Mizuho Financial Group (8411 JT) 9-month (JPY) profit attributable rose 19.2% Y/Y to 1.02tln, Co. increased share buyback to up to JPY 300bln from JPY 200bln
Mizuho Financial's strong profit growth of 19.2% year-over-year signals robust performance and investor confidence, further strengthened by the increase in share buybacks to JPY 300 billion.
Japanese Finance Minister Katayama continues to refrain from commenting on intervention data and said PM Takaichi talked about FX benefits as a general fact, and didn't specifically emphasise merits in a weak yen
Japanese Monetary Base YoY Y/Y -9.5% (Prev. -9.8%)
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Mizuho Financial Group (8411 JT) 9-month (JPY) profit attributable rose 19.2% Y/Y to 1.02tln, Co. increased share buyback to up to JPY 300bln from JPY 200bln
[MARKET UPDATE] Metal prices rebound in early Asia-Pac trade with spot gold and silver prices up 2.1% and 3.5%, respectively, while copper futures are also up by 1.1% following the rebound on Wall St
Reports note that witnesses say loud explosions heard in Ukraine's capital of Kyiv
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JAPAN
Credit Saison (8253 JT) - Co. moves to launch an online bank in Brazil this year. (Newswires)
Hulic (3003 JT) - Co. is said to plan JPY 750bln in M&A by FY2036. (Newswires)
Mizuho Financial Group (8411 JT) - Co. 9-month (JPY) profit attributable rose 19.2% Y/Y to 1.02tln, Co. increased share buyback to up to JPY 300bln from JPY 200bln. (Newswires)
SoftBank (9984 JT) - Co. unit WBS signs contract with Intel (INTC) for memory development. (TV Tokyo)
Tokyo Electron (8035 JT) - Co. 9-month (JPY) net income fell 9.8% Y/Y to 5.0bln, net sales fell 9.5% Y/Y to 146.7bln. (TipRanks)
Toyota (7203 JT) - Co. unit Daihatsu debuted mini commercial EVs with an industry-leading 257-km range. (Nikkei)
Yomeishu Seizo (2540 JT) - Co. is to delist and sell operations, with the Co. in talks with its largest shareholder to go private. (Nikkei)
SOUTH KOREA
HD Korea Shipbuilding & Offshore Engineering (009540 KS) - Co. unit HD Hyundai Samho won a KRW 357.5bln LNG ship order from an Angolan firm. (Yonhap)
Hyundai Motor (005380 KS) - Co. is to deploy AI robots at US plants as Trump tariffs squeeze its North American profits. (Nikkei)
Other News
Top South Korean and US diplomats are to hold talks this week in Washington amid Trump's tariff threat. (Yonhap)
This could bolster investor sentiment towards Japanese financials and improve Mizuho's stock valuation, indicating a positive outlook amidst competitive pressures in the sector.
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