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Asia-Pacific Markets Start Christmas Week on a Positive Note Amid Honda-Nissan Merger Talks
Source: reuters.com
Asia-Pacific markets opened the shortened Christmas week with gains as investors closely monitored developments surrounding a potential merger between Japanese automakers Honda and Nissan.
The presidents of Honda, Nissan, and Mitsubishi have reportedly informed Japan’s industry ministry that they have initiated merger discussions. A press conference is expected later today, during which more details are anticipated to be disclosed.
Both Honda and Nissan are expected to hold board meetings to deliberate on entering full-scale discussions toward a business integration. These talks may result in signing a memorandum of understanding. The companies aim to reach a final agreement by June 2025 and are reportedly considering the establishment of a new holding company. The leadership of this holding company is likely to be assigned to a Honda executive.
As of Monday morning, Honda shares rose by 2.11%, reflecting optimism about the merger. Meanwhile, Nissan shares dropped slightly by 0.74%, following last week’s record surge when news first surfaced that the struggling automaker might merge with Honda.
Regional Market Performance
Japan’s Nikkei 225 climbed 1.06%, and the Topix index rose by 0.79%, buoyed by the potential Honda-Nissan merger.
South Korea’s Kospi saw a 1.25% gain, while the smaller Kosdaq index rose 1.51%, reflecting positive sentiment in the region.
Australia’s S&P/ASX 200 advanced by 1.03%, contributing to the upbeat trend across Asia-Pacific markets.
In Hong Kong, the Hang Seng Index gained 0.72%, while China’s CSI 300 remained flat, reflecting a more cautious sentiment in mainland markets.
Key Market Data
Nikkei 225: 39,056.46 (+1.06%)
Hang Seng Index: 19,857.98 (+0.72%)
S&P/ASX 200: 8,181.80 (+1.42%)
Shanghai Composite Index: 3,374.99 (+0.21%)
Kospi Index: 2,442.74 (+1.61%)
U.S. Markets Set a Positive Tone
The positive momentum in Asia followed strong gains in U.S. markets last Friday. The Dow Jones Industrial Average rose 1.18%, the S&P 500 climbed 1.09%, and the tech-heavy Nasdaq Composite advanced 1.03%.
Investors in the U.S. were encouraged by cooler-than-expected inflation data, which helped ease concerns about further Federal Reserve interest rate hikes.
The personal consumption expenditures (PCE) price index, which is closely watched by the Federal Reserve, rose to 2.4% in November, slightly up from 2.3% in October but below the 2.5% estimate. Excluding food and energy, core PCE rose by 2.8% compared to the previous year, also below expectations of 2.9%.
The latest inflation data has reinforced hopes that the Federal Reserve may slow down its tightening measures, providing further support for market optimism heading into the holiday season.
Outlook
With the holiday-shortened week, market activity in the Asia-Pacific market will likely remain focused on developments related to the Honda-Nissan merger. If the merger progresses as expected, it could lead to significant changes in the global automotive industry, particularly in the competitive landscape of Japanese automakers.
The broader market sentiment also remains underpinned by easing inflation concerns in the U.S., which has provided a favorable backdrop for global equities. As the week unfolds, investors will continue to watch for updates on the merger and other key economic developm
#harfordcounty#asiansnacks#thaifood#steamedcrabs#asia#foodie#deltapa#food#crabmeat#foodstagram#parkvillemd#asian#gresham#portlandoregon#perryhallmd#northwest#pdxsmallbusiness#shoppdx#supportlocal#nworegon#crabcakes#oldtownpdx#chinatownpdx#pdxeater
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On the Bay Seafood in Ocean City, MD. Great nostalgic lunch of steamed Chesapeake Bay blue crabs.
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Mmmm #steamedcrabs 🦀 #latepost#lategram#foodie#seafood#athomecooking #homecooked #homemade #집밥 #홈밥#instafood #foodporn #먹방 #먹스타그램 #CGSeats #음식 #요리 #식사 #조지아 #아틀란타 #둘루스#dinner #저녁 (at Georgia) https://www.instagram.com/p/CaH8fogr_Wd/?utm_medium=tumblr
#steamedcrabs#latepost#lategram#foodie#seafood#athomecooking#homecooked#homemade#집��#홈밥#instafood#foodporn#먹방#먹스타그램#cgseats#음식#요리#식사#조지아#아틀란타#둘루스#dinner#저녁
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The beautiful sunset, cool sea breeze, lively band music and optional alfresco dining is the reason why @seascapevillage is usually crowded during the weekends. It is also houses a lot of authentic Chinese restaurants. We've already shared a number of them on the blog. This time, we dined at @choigarden2020 which has the longest reputable years of operation compared to other restaurants in Seascape. Choi Garden is known for its 3 roasting specialties: Suckling pig, Pecking duck and Fried Crispy Pigeon. We chose the Fried Crispy Pigeon (750 php/pc) bec. it's the healthier option hehe. We also had Diced Wintermelon Assorted Meat Soup (840php/L), Steamed Crab w/ Glutinuous Rice, Mango Sago (210 php) (swipe to see👀). For full review, together w/ the other dishes, I'll just share on the blog. 在海景村里圆桌晚饭:红烧乳鸽, 冬瓜汤, 蒸蟹糯米与芒果西米 。#tsinoyfoodies #choigarden #seascapevillage #lauriat #pantoh #晚餐 #晚餐吃什麼 #steamedcrabs (at Choi Garden Seascape) https://www.instagram.com/p/Cds-tm_JpAC/?igshid=NGJjMDIxMWI=
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Summertime in Maryland! #traveldesignsmd #traveldesignsllc #maryland #mdpride #balmore #baltimorefoodie #bmoresummer #steamedcrabs #eatlocal #crabsandbeer @traveldesignsllc (at Travel Designs LLC)
#traveldesignsmd#traveldesignsllc#maryland#mdpride#balmore#baltimorefoodie#bmoresummer#steamedcrabs#eatlocal#crabsandbeer
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Happy Memorial Day...crabs, corn on the cob, snowballs, bloody Mary’s and beers #minnowbaltimore #steamedcrabs #bloodymary #rarbrewing #memorialdayweekend (at Minnow Baltimore)
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I picked up some live Louisiana blue crabs from @417fishguy today! I can’t wait to steam these tonight for dinner with some @meatchurch Seafood seasoning. If you live in the Springfield Mo area, hit up Express Foods and get some. #expressfoods #bluecrabs #louisianabluecrab #crab #livecrab #steamedcrabs #cambro #storagegoals #cambroambassador (at Springfield, Missouri) https://www.instagram.com/p/COn_TdUnFy3/?igshid=1rdahbgimztsv
#expressfoods#bluecrabs#louisianabluecrab#crab#livecrab#steamedcrabs#cambro#storagegoals#cambroambassador
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Sneak peek of one of the pieces for #madeinmarylandfestival So happy with this! ❤️🦀 . . . . . #handmade #etsyhunter #shoplocal #maryland #marylandcrabs #homeinspiration #steamedcrabs #adjustablebracelet #shopsmall #localbusiness #handstampedjewelry #silverbracelet
#localbusiness#homeinspiration#adjustablebracelet#etsyhunter#shoplocal#madeinmarylandfestival#handstampedjewelry#silverbracelet#maryland#steamedcrabs#marylandcrabs#handmade#shopsmall
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Leftover crabs from Salty Dogs make the best-ever crab cakes (accompanied by dilly potato salad and tomatoes from the garden). . . . . #foodie #foodcoma #steamedcrabs #foodporndaily #instafood #EEEEEats #foodietribe #crabs #fl52grams #huffposttaste #beautifulcuisines #foodandwine #marylandcrabs #eatthis #eattheworld #dailyfoodfeed #bombesquad #marylandisforcrabs #forkyeah #eater #feedyoursoull #nomnom #baltimoreeats #myfab5 #foodgasm #foodporn @dailyfoodfeed @huffposttaste @zipkick @buzzfeedfood @foodrepublic @zagat (at Baltimore, Maryland) https://www.instagram.com/p/CET9BqNpnme/?igshid=10z0ht51mfuid
#foodie#foodcoma#steamedcrabs#foodporndaily#instafood#eeeeeats#foodietribe#crabs#fl52grams#huffposttaste#beautifulcuisines#foodandwine#marylandcrabs#eatthis#eattheworld#dailyfoodfeed#bombesquad#marylandisforcrabs#forkyeah#eater#feedyoursoull#nomnom#baltimoreeats#myfab5#foodgasm#foodporn
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Thanks @bluepointcrabs for awesome birthday party crabs!!! Big and full! Two kinds of Jalapeño poppers, sausage stuffed and jerk ground turkey and homemade pound cake for dessert! #steamedcrabs #daughtersbirthday #jalapenopoppers (at Littlestown, Pennsylvania) https://www.instagram.com/p/CD4UXM-BCTt/?igshid=ol35kuc6eher
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Amy's birthday surprise arrived!!! Thanks to @vincemeyer at @vincescrabhouse for the 🦀🦀! BTW No matter where you live in the US, Vinces can ship you the best seasoned steamed crabs from Baltimore on the planet! #Baltimore #Maryland #BlueCrab #Crabs #SteamedCrabs https://www.instagram.com/p/B81YkA8l9Ii/?igshid=d4oah1zd0yox
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#Seafood menu is lit! 👍 #SteamedCrabs for #ChristmasDinner. #Pinoy #foodchoice #foodblog #foodie #foodstagram #pinoyfoodporn #pinoyfoodtripping #christmas #Christmasmenu #ChristmasFood #foodotography #instafood #instagramfood #insta (at Tanjay, Negros Oriental) https://www.instagram.com/p/B6fbvyFpcvo/?igshid=7fuar2sm62xz
#seafood#steamedcrabs#christmasdinner#pinoy#foodchoice#foodblog#foodie#foodstagram#pinoyfoodporn#pinoyfoodtripping#christmas#christmasmenu#christmasfood#foodotography#instafood#instagramfood#insta
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What a great run of shows we just had! We are thrilled to have met up with so many great customers in VA, SC, and MD, and had a great time visiting with family as well. Now we are back in Florida for the winter- Rick and I have spent the last few days gardening and re-settling into our home. This weekend we will be in the Orlando metro for the Winter Springs ArtOberfest- we hope to see you there!🌺🌺🌺 #grateful #artlife #floridalife #steamedcrabs #wintersprings #artoberfest #barbaraumbel #urchinjewel #umbels #indianharbourbeach #spacecoast #shesellsseashells #shelljewelry #seashelljewelry #handmadejewelry #contemporaryjewelry #artjewelry #artisanjewelry #travelingartist #artfest #popupshop #artfestival #ontheroadagain @artoberfest (at Winter Springs Town Center) https://www.instagram.com/p/B3uhChGH9LZ/?igshid=12ggvpuuxmyjj
#grateful#artlife#floridalife#steamedcrabs#wintersprings#artoberfest#barbaraumbel#urchinjewel#umbels#indianharbourbeach#spacecoast#shesellsseashells#shelljewelry#seashelljewelry#handmadejewelry#contemporaryjewelry#artjewelry#artisanjewelry#travelingartist#artfest#popupshop#artfestival#ontheroadagain
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#steamedcrabs (at Upper Changi Road, East (Singapore)) https://www.instagram.com/p/B1ryyRjBi7fxsPeuInnje4KafrQ0HVnKiJO9Zs0/?igshid=488h9pw2fpha
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What is your favorite part of summer? Nothing like sweet Maryland crabs, scarce this year!
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