PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Nissan (7201 JT) is recalling 642,698 Rogue SUVs in the US across two separate recalls due to issues that could cause a loss of drive power
The recall of 642,698 Rogue SUVs by Nissan due to potential driving power loss could impact the company's reputation and sales in the U.S.
ECB President Lagarde calls for cooperation to 'save global order' in award acceptance speech in New York
Australia sells AUD 800mln 3.25% April 2029 bonds, b/c 3.89, avg. yield 4.3014%
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Nissan (7201 JT) is recalling 642,698 Rogue SUVs in the US across two separate recalls due to issues that could cause a loss of drive power
Japanese Inflation Rate MoM (Jan) M/M -0.1% (Prev. -0.1%)
Japanese Inflation Rate Ex-Food and Energy YoY (Jan) Y/Y 2.6% (Prev. 2.9%)
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JAPAN
Eisai (4523 JT) - Co. and Biogen Canada disagree with Canada’s drug agency decision not to recommend Leqembi for public reimbursement in Canada and will continue to pursue all possible options for reimbursement. (Newswires)
Honda Motor (7267 JT) - Co. will release a new low-priced electric motorbike in Japan on March 23 as it seeks to compete with Chinese brands entering the market. (Nikkei)
Mitsubishi Heavy Industries (7011 JT) - Co. said a tender offer launched by LVJ Holdings 2 for shares in Mitsubishi Logisnext (7105 JT) was completed after meeting the minimum purchase threshold. (Newswires)
Nippon Steel (5401 JT) - Co. could sell around JPY 300bln in additional strategic shareholdings after already divesting over 80%, providing funding for large investments including US Steel furnace upgrades and improving capital efficiency. (Nikkei)
Nissan Motor (7201 JT) - Co. is recalling 642,698 Rogue SUVs in the US across two separate recalls due to issues that could cause a loss of drive power, according to the NHTSA. (Nikkei)
Sony (6758 JT) - Co. is closing Bluepoint Games, the PlayStation subsidiary behind video game remakes including "Demon's Souls", in March, according to a PlayStation spokesperson. (Newswires)
Sumco (3436 JT) - Co. will cut its stake in Formosa Sumco Technology. (Newswires)
Takeda Pharmaceutical (4502 JT) - Co. said Entyvio showed promise for treating ulcerative colitis in children. (Newswires)
SOUTH KOREA
Naver (035420 KS) - Co. mobile payment platform suffered service disruption. (Yonhap)
POSCO Holdings (005490 KS) - Co. cancelled KRW 635.1bln in treasury shares and revamped board. (ChosunBiz)
Samsung Fire & Marine Insurance (000810 KS) - Co. Q4 (KRW) net profit rose 12.8% Y/Y to 234.4bln, operating profit rose 54.8% Y/Y to 391.3bln, revenue fell 3.4% Y/Y to 6.08tln; FY (KRW) net profit fell 2.7% Y/Y to 2.02tln, operating profit rose 0.4% Y/Y to 2.65tln, sales rose 9.4% Y/Y to 24.77tln. (Yonhap)
market. This action signals potential operational challenges and may raise scrutiny from regulators, which can influence investor sentiment and stock performance. Significant recalls like this often lead to cost implications and could weigh on Nissan's shares, particularly if further issues arise or affect other models.
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