PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Automakers' US sales updates

AUSTRALIA

Corporate Travel Management (CTD AT) - Co. FY25 group EBITDA is to be impacted by around AUD 30mln and revenue is to be approximately 4% softer-than-forecast. (Newswires)

Rio Tinto (RIO AT) - Co. said only 19.4% of shareholders voted to review the dual listing and that it received significant support for the board’s view that unification of the DLS structure is not in their interests. (Newswires)

WiseTech Global (WTC AT) - Co. confirmed that it is participating in a strategic review process which was speculated by media in March but noted discussions are indicative and there is no certainty that a transaction will result. (Newswires)

Other News - Australia will conduct an election on Saturday in which a major YouGov poll showed that PM Albanese’s Labor party is seen winning an increased majority with 84 seats of the 150-seat lower house. (Newswires)

JAPAN

Honda (7267 JT) - American Honda April sales rose by more than 18% Y/Y to 137.7k units. (Newswires)

Mazda (7261 JT) - Co. North American April sales rose 21% Y/Y to 37.7k units. (Newswires)

Shibaura Electronics (6957 JT) - Yageo Corp (2327 TT) is considering modifying details and delaying the start of tender offer for Shibaura Electronics to the middle of the month from May 7th. (Newswires)

Subaru (7270 JT) - Subaru of America sales rose 0.3% Y/Y to 56.0k units. (Newswires)

Toyota (7203 JT) - Co. April US sales rose 10% Y/Y to 233k vehicles and US electrified sales rose 44% Y/Y to 111.5k units. (Newswires)

Automakers - Michigan-based Anderson Economic Group said automakers could still face a USD 2k-12k tariff impact per vehicle after changes to Trump's auto parts tariffs. (Newswires)

Other News

BoJ Governor Ueda said uncertainty from trade policy has heightened sharply and expect the BoJ to keep raising rates if the economy and prices move as projected. Ueda added timing to attain the underlying 2% inflation target will be delayed and it is difficult to judge when they will likely hit the inflation goal with policy to be flexible, while he added that the outlook is not as certain as it once was. (Newswires)

Japanese Finance Minister Kato said Japan's huge US Treasury holdings are among the tools it can wield in trade negotiations with the US but added that whether Japan wields that card is a different question. (Newswires)

SOUTH KOREA

Hyundai Motor (005380 KS) - Co. America April sales rose 19% Y/Y to 81.5k units which was the highest April sales in its history. (Newswires)

SK Telecom (017670 KS) - Co. was said to have been asked by the South Korean Ministry to halt new subscriptions due to a SIM card shortage. (Newswires)

Other News

South Korean PM Han announced his resignation as acting President in order to stand in next month’s Presidential election and South Korean Finance Minister Choi, who was set to take over as acting President, resigned after the opposition-controlled parliament launched fresh impeachment proceedings against him, while Education Minister and Deputy PM Lee Ju-ho became the acting President. (Newswires)

South Korea's acting President Lee said he will do his best to stabilise the government and the most important thing now is to ensure a fair election, while he will work closely with parliament and the cabinet. (Newswires)

02 May 2025 - 00:48- ForexGeopolitical- Source: Newswires