Asian stocks rise on US inflation data, potential Honda-Nissan merger boosts Japanese stocks

From Investing.com: 2024-12-22 21:42:37

Most Asian stocks rose on Monday following gains in Wall Street, driven by softer U.S. inflation data. Japanese stocks, particularly Honda and Nissan, saw a boost amid speculation of a potential merger. U.S. stock futures also climbed on optimism of avoiding a government shutdown.

Japanese shares surged as Honda and Nissan reportedly move closer to finalizing merger terms, potentially creating the third-largest automaker globally. The focus in Japanese markets also shifted to key inflation data for November, which exceeded expectations and kept interest rate hike prospects alive.

Broader Asian markets advanced with optimism over softer U.S. inflation, though most were still recovering from losses the previous week. Notable gains were seen in Australia, China, Hong Kong, South Korea, and Singapore, with various factors driving positive momentum in each market. India’s index was expected to open slightly positive after a previous week’s decline.



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