Update: Market Chatter: China's Car Sales Rebound in February

MT Newswires01:18 ET

The Nikkei average fell significantly by 645 yen, briefly dropping below 30,000 yen, reaching levels not seen in about six months = 11 days before the market's close.

Eleven days ago, the Nikkei average stock price fell significantly, down 645.70 yen from the previous day to 36,382.57 yen. The TOPIX (Tokyo Stock Price Index) also dropped sharply, down 53.93 points to 2,646.83 points. On the 10th local time, U.S. stocks experienced a sharp decline after President Trump made comments regarding the economy that could be interpreted as accepting a recession, stating it is in a 'transitional period.' Japanese stocks saw selling ahead of this movement. The decline in U.S. stock index Futures during extended hours trading and the appreciation of the yen were also taken into account.

Kabushiki Shimbun22:56 ET

Mirait One, RIKEN Keiki, ETC.

*Mirait One <1417> collaborates with Sumitomo Mitsui Finance & Lease for the preliminary development of solar power at 0.07 million kW (Nikkan Kogyo, front page) - ○ *Riken Keiki <7734> inspects gas detectors in disaster areas and manufactures maintenance vehicles (Nikkan Kogyo, front page) - ○ *MOL <9104> acquires a Dutch company, establishing a land base for Chemical ships (Nikkan Kogyo, page 3) - ○ *Toyota Motor <7203> suspends operations at 3 factories and 4 lines until this morning due to an explosion incident at Central Spring (Nikkan Kogyo, page 3) - ○ *Mitsui & Co. <8031> a major trading company, iron ore.

Fisco Japan19:27 ET

ServiceNow to Acquire AI Startup Moveworks for $2.85 Billion

MT Newswires14:26 ET

Joint venture electric vehicles launch their strongest counterattack.

The elephant turns around.

wallstreetcnMar 10 06:05 ET

The "Shanghai Measures for Supporting the Development of Electric Vehicle Charging and Battery Swap Facilities" have been released.

① The Shanghai Development and Reform Commission and several other departments have issued the "Support Measures for the Development of Electric Vehicle Charging and Battery Swapping Facilities in Shanghai," which will be implemented starting April 1, 2025, with a validity period of five years; ② The measures propose a subsidy of 30% of the equipment investment for charging companies for charging devices in demonstration communities, with a power subsidy limit of 600 yuan/kilowatt for Direct Current and 300 yuan/kilowatt for Alternating Current.

cls.cnMar 10 02:26 ET