PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: BoJ Governor Ueda comments eyed

JAPAN

Aozora Bank (8304 JT) - Co. 6-month (JPY) net fell 1.1% Y/Y to 11.9bln. (Newswires)

Fancl Corp (4921 JT) - Co. is to retire treasury shares worth 7.19% of outstanding stock on December 19th. (Newswires)

Fuji Soft (9749 JT) - KKR is to offer JPY 9,451/shr in second round tender offer which the board supports, while Co. opposes Bain Capital’s tender offer proposal. (Newswires)

Kansai Electric (9503 JT) - Co. is to withdraw from the hydrogen production project in Queensland, Australia. (Nikkei)

Sekisui House (1928 JT) - Co. and Frasers Property (FPL SP) are to jointly redevelop Robertson Walk and Fraser Place Robertson Walk in Singapore. (Newswires)

SOUTH KOREA

Hanwha Aerospace (012450 KS) - Co. wins KRW 343bln order. (Newswires)

Hyosung Heavy Industries (298040 KS) - Co. wins KRW 355bln order. (Newswires)

Korea Electric Power (015760 KS) - Co. announced on Friday that it secured new renewable energy deals in Saudi Arabia and Guam. (Yonhap)

Korea Zinc (010130 KS) - Co. Q3 (KRW) revenue rose 40% Y/Y to KRW 3.2tln. (Newswires)

LG Energy Solution (373220 KS) - Co. is to supply cylindrical batteries to Bear Robotics

Samsung Electronics (005930 KS) - Co. is to buy back KRW 10tln of its shares over one year and will buy back KRW 3tln of Treasury stocks from November 2024 to February 2025. (Newswires)

Other News - South Korean financial regulator said recent declines in stocks are a little aggressive and will prepare measures to stabilise markets if needed. (Newswires)

Geopolitical

North Korean leader Kim urged the military to improve capabilities for fighting an actual war, while he added that threats by the US and allies brought tensions and calls for war preparations, according to KCNA. (Newswires)

North Korea said Russia’s delegation led by the national resources minister arrived in North Korea, according to KCNA. It was separately reported that North Korea may end up sending 100k troops to Russian President Putin to support Russia’s war in Ukraine although it was also stated that the move is not imminent and troops could rotate in batches, according to Bloomberg. (Newswires)

South Korean President Yoon and Japanese PM Ishiba agreed to continue developing the trilateral cooperation under the new US administration, according to South Korean President Yoon’s office. (Newswires)

17 Nov 2024 - 23:43- Fixed IncomeGeopolitical- Source: Newswires