Nikkei average starts 399 yen lower, significant selling pressure, with immediate profit-taking in response to sharp drop in US stocks.

Top news of individual stocks
Financial Services Agency to set standards for financial disclosure by investment companies, aiming to match overseas venture capital practices.
The Financial Services Agency is advancing governance reforms for Venture Capital (VC). Currently, the level of information disclosure by investee companies varies among VCs, with institutional investors contributing funds to funds managed by VCs expressing dissatisfaction with the level of disclosure. In 2024, they plan to create a code of conduct to increase the amount and frequency of disclosures to match overseas VC standards.

Toyota's principle of 'everything lies in the field' has not reached Daihatsu, making governance reform urgent.
$Toyota Motor (7203.JP)$A total of 174 cases of testing misconduct have been newly discovered at Daihatsu Engineering, a subsidiary of Toyota. The basic principle of Toyota, 'go to the site and see things for yourself,' has not permeated through Daihatsu.

Asahi Kasei to invest in domestic new semiconductor material factory for the first time in 16 years to increase production capacity.
$Asahi Kasei (3407.JP)$A new factory for semiconductor materials will be built in Fuji City, Shizuoka Prefecture. The total investment amount is slightly over 15 billion yen, aiming to double the production capacity of materials that protect the chip surface. It is in preparation for the bottoming out of global semiconductor demand and the production expansion of domestic semiconductor manufacturers like Rapidus.

Suzuki's stock rose for the 5th consecutive day due to the suspension of shipments of Daihatsu's developed vehicle models, reflecting an increase in demand for the company's products.
$Suzuki Motor (7269.JP)$Rises for the 5th consecutive day. $Toyota Motor (7203.JP)$In a subsidiary of Daihatsu Industry, new fraudulent activities were discovered, leading to the decision to temporarily stop the shipment of all Daihatsu developed vehicle models currently in production in both domestic and overseas markets.

Kobe Steel in a stalemate. Revenue in November increased by 13%, and operating profit increased by 39%.
$Kobe Bussan (3038.JP)$In a stalemate. The company announced that its revenue in November increased by 12.8% compared to the same month last year. Operating profit also increased by 38.5%.