Tokyo market summary: Nikkei average falls as selling prevails ahead of year-end and New Year holidays.

Hello, MOOMOO users!Good job on the closing bell. Here is today's stock market overview. Thank you.
● The Nikkei average closed at 39,894 yen, up 386 yen from the previous trading day.
● Nissan Motor Co. - Significant continued decline as awareness of the discount rate for integration increases.
● 'Machinery' ranked 19th, with ripples spreading due to the 'unconsented TOB' to Makino Fujino <Hot Stocks>.
● Kawasaki Kisen Kaisha - Sharp rise in favor of the increase in the China Export Container Freight Index.
Nippon Steel - Significantly declined, with profit-taking sales ahead of the year-end and New Year holidays in its main defense-related sector.
Hot Stocks: $Nissan Motor (7201.JP)$ 、 $Kawasaki Kisen Kaisha (9107.JP)$ 、 $The Japan Steel Works (5631.JP)$ etc
MOOMOO News on Japanese Stocks Kingsley

Market Overview
In today's Tokyo stock market, the Nikkei Stock Average closed at 39,894.54 yen, down 386.62 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) ended at 2,784.92, down 16.76 points. Concerns over the decline in US stocks, as well as the approaching year-end and New Year holidays, led to predominant selling throughout the day in the Tokyo stock market. Following the rise in long-term US Treasury yields at the end of the previous week, semiconductor stocks faced selling pressure, inducing selling in high-tech stocks in the Tokyo market, leading to a 300-yen decline in the Nikkei average and falling below the milestone of 40,000 yen.

Top News
Nissan's stock price has dropped significantly, as awareness of discounted integration ratios is increasing.
$Nissan Motor (7201.JP)$ Toyota's stock price has dropped significantly. According to some reports over the weekend, the integration ratio with Honda is expected to start at around 5 to 1 in discussions. In recent years, in management integration under the holding company system, it seems that the integration ratio is often determined by calculating the average stock prices for the three periods of agreement: 1 month, 3 months, and 6 months, as a reference. It is also believed that there has been increased short-covering activity after the integration reports, and with the awareness of a possible round of such movements, there is a growing trend towards discounted restructuring for the company.

Hot stocks
"Machinery" ranked 19th, causing ripples with the "unsolicited TOB" to Makino F <GAINIANBANKUAI Topic>
In the "Popular Theme Ranking" compiled by Minna Kabu and Kabutan, "Machinery" ranks 19th.
$Nidec (6594.JP)$ Komatsu, a major player in industrial machinery, announced that they will conduct a TOB (tender offer) for Nidec Corporation. The TOB is scheduled to be implemented at 11,000 yen per share from April 4, 25. Nidec has caused a stir due to the lack of prior discussions with Makino, making it a "non-consensual TOB". $Makino Milling Machine (6135.JP)$ Komatsu announced on the 27th that it will conduct a Tender Offer (TOB) for Nidec, a major player in industrial machinery. The TOB is scheduled to be implemented at a price of 11,000 yen per share starting April 4, 2025. Nidec has not engaged in prior discussions with Makino, causing controversy as it will be a "non-consensual TOB".

Kawasaki Kisen Kaisha - Sharp rise in China Export Container Freight Index is well received.
$Kawasaki Kisen Kaisha (9107.JP)$ MOOMOO soared. The China Export Container Freight Index (CCFI) announced by the Shanghai Shipping Exchange on December 27 increased by 1.6% compared to the previous week to 1515.07, which was the catalyst. There were moments when the stock price rose to 2285.0 yen, up 3.7% from the previous day.

Nidec Corporation Sponsored ADR---Significant continued decline as profit-taking selling dominates in the main defense-related business ahead of the year-end and New Year holidays.
$The Japan Steel Works (5631.JP)$ Heavy Equipment experienced a significant continued decline. Today, in addition to the company, a noticeable decline in three major comprehensive heavy equipment companies, indicating that selling pressure is dominant in the main defense-related sector.