PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Hyundai recalls over 226k US vehicles, BoK rate decision is scheduled today

JAPAN

Casio Computer (6952 JT) - Co. 6-month (JPY) net fell50.7% Y/Y to 3.58bln. (Newswires)

Eisai (4523 JT) - Co. and Biogen (BIIB)launched Leqembi in South Korea. (Newswires)

Hulic Co (3003 JT) - Co. 9-month (JPY) net fell 6.9% Y/Y to 54.6bln, SOMPO Holdings (8630 JT) unit Sompo Japan and others will sell over 85mln shares in Hulic in a secondary offering. (Newswires)

Marubeni (8002 JT) - Co. president Kakinoki will become chairman and executive Omoto will become the new president effective April 2025. (Nikkei)

Olympus (7733 JT) - Co. former CEO Kaufmann was indicted on suspicion of violating the law concerning controlled substances, according to Tokyo prosecutors. (Newswires)

Seven & I Holdings (3382 JT) - Japan’s five major banks started considering extending loans to Seven & I’s founding family to take the Co. private. (Newswires)

Unitika (3103 JT) - Co. is to exit the fiber business as losses mount and its key creditors could agree to waive up to around JPY 40bln of its debt, while it aims to find buyers for fibers and textiles/performance materials segment by around fiscal 2025. (Newswires)

Other News - Yomiuri Newspaper is to introduce a new stock index as an alternative to the Nikkei and Topix which will be composed of 333 stocks and will be called the Yomiuri 333 for short. (Newswires)

SOUTH KOREA

Celltrion (068270 KS) - Co. sets annual sales target at KRW 5tln for next year vs expected sales revenue of KRW 3.5tln this year. (Yonhap)

Hyundai Motor (005380 KS) - Hyundai Motor North America is recalling 226,118 US vehicles over rear view image display issues. (Newswires)

SK Hynix (000660 KS) - Co. is to increase its dividend by 25% to KRW 1,500/shr. (Newswires)

Other News - Seoul experienced its heaviest snowfall in over 100 years causing injuries and traffic chaos. (Yonhap)

27 Nov 2024 - 23:47- EquitiesResearch Sheet- Source: Newswires