PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Japan is mulling relaxing automobile safety rules for imports as part of US tariff negotiations and mulls higher US rice imports
JAPAN
Makino Milling Machine (6135 JT) - NSSK dropped out of white knight talks with Makino Milling Machine, while Carlyle is in talks with Makino Milling Machine which is facing a hostile takeover bid, according to sources.
Nintendo (7974 JT) - Co. maintains Nintendo Switch 2 pricing with retail pre-orders to begin on April 24th in the US. (Newswires)
Energy - Japan’s ruling coalition agreed on subsidies to reduce gasoline prices by JPY 10/litre from May. (Nikkei)
Other News
Japan is mulling relaxing automobile safety rules for imports as part of US tariff negotiations. (Nikkei)
Japan mulls higher US rice imports in tariff talks. (Yomiuri)
Japan’s government said the economy is recovering moderately but sees uncertainty from US trade policies, while it cut its view on corporate sentiment for the first time since March 2022 and said downside risks to the economic outlook are increasing due to US trade policies. (Newswires)
SOUTH KOREA
Daewoo Engineering & Construction (047040 KS) - Co. won a KRW 370bln order and signed around a KRW 1tln framework agreement to build a fertilizer plant in Turkmenistan. (Newswires/Yonhap)
Hanwha Aerospace (012450 KS) - Co. decided to issue new shares worth KRW 1.3tln. (Newswires)
Developers - The number of unsold new homes in South Korea reached the highest level in 11 years and five months, according to data by the Ministry of Land, Infrastructure and Transport. (Yonhap)
Other News - South Korean acting President Han said South Korea will not fight US President Trump’s tariffs, while he added that Seoul owes a historical debt and is open to dropping trade barriers ahead of talks with Washington, according to FT. It was also reported that South Korea’s Trade Minister said the US and South Korea are holding trade consultations this week at the US’s request. (Newswires)
21 Apr 2025 - 00:49- ForexGeopolitical- Source: Newswires
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