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There is a shift away from large vehicles in the USA, which benefits Asian manufacturers.
[EV] Due to the high prices of automobiles and rising interest rates, it has been reported that among Americans, more people believe that bigger is not always better when considering purchasing a vehicle. As costs rise, some automobile buyers seem to be considering sacrificing size and interior space to keep monthly payments lower. <7203> Toyota <6758> Sony Group Corp <6752> Panasonic HD <3
Defense spending is increasing, and Japan's total budget for 2025 will reach a record 115 trillion yen.
In the new budget proposal, the spending items with the largest increase include: a significant increase of over 10% in defense spending, reaching 8.5 trillion yen; and an approximately 7% increase in allocations to local governments. Due to record high tax revenues, the scale of newly issued government bonds will decrease by nearly one-fifth, down to 28.6 trillion yen.
Expectations for inflow of funds with the practical entry into the market in 2025.
[Stock Opening Comment] On the 27th, the Japanese stock market is expected to show a strong buying sentiment despite the limited number of market participants. The U.S. market on the 26th, following Christmas, saw the Dow Jones Industrial Average rise by 28 dollars and Nasdaq decline by 10 points. Amidst a lack of movements after the Christmas holiday, enduring buying expectations for a Christmas rally as we approach the year-end have solidly supported the lower prices. The Chicago Nikkei 225 Futures was 39,700 yen, up 210 yen compared to Osaka. The exchange rate stood at 157 yen per dollar.
Toyota Motor, SEALSQ, KULR Technology And Other Big Stocks Moving Higher On Thursday
Toyota Motor Stock Is Trading Higher Thursday: What's Driving The Action?
The three major U.S. stock index futures fell collectively, while Toyota Motor rose over 9% in pre-market trading | Highlights for tonight.
① Toyota Motor's Pre-Market Trading rose over 9%, and the company reportedly plans to increase its ROE to 20%; ② Sources say Alibaba and E-Mart will form a $4 billion E-Commerce joint venture in South Korea; ③ Japan Steel's plan to acquire United States Steel has been postponed until March of next year.
Bruski2023 : Will see it break over 202 into 205+ this week, it might break 202 Monday intraday