Japanese and Chinese markets were subdued on Thursday with most markets closed for Christmas. In Japan, the Nikkei 225 edged up marginally, with trading volume thin as traders await the approval of the nation’s Fiscal 2026 budget. Sumco was a major gainer, while Toho Zinc tumbled. In China, the Shanghai Composite Index was modestly higher before the close of the morning session. Foxconn Industrial Internet and China Life Insurance were among the gainers, while Bank of Communications and Eoptolink Technology were among the losers. Overall, insurance companies in China were faring well while Japanese stocks showed a mixed performance.

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