PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Osaka Gas (9532 JT) is considering investing in up to five US power plants
JAPAN
Japan Post Insurance (7181 JT) - Co. has established its first overseas subsidiary in New York, the life insurer said Thursday. (Nikkei)
Osaka Gas (9532 JT) - Co. is considering investing in up to five US power plants. (Nikkei)
Tokio Marine Holdings (8766 JT) - Co. new strategic partnership with Berkshire Hathaway is expected to raise the ceiling on international acquisitions for Japan’s largest non-life insurance group. (Nikkei)
Other News - High oil prices due to the conflict in the Middle East have taken a toll on Japanese corporate profits, with roughly 40% of major chemical and materials companies hit with earnings forecast downgrades for the year ended in March. (Nikkei)
SOUTH KOREA
Other News - South Korea revived non-residential-to-housing conversion plan, but supply impact is expected to remain limited. (ChosunBiz)
Osaka Gas's potential investment in up to five US power plants signifies a strategic expansion into the US energy market, positioning itself for growth amid rising global energy demands. This move could not only enhance Osaka Gas's portfolio but also potentially reshape competitive dynamics in the US power sector, impacting related stocks and sectors. Investors should monitor how this aligns with broader trends in energy investments and Japan's economic strategies.