PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Toyota (7203 JT) is to suspend production of 3 lines at 2 plants in Japan due to an accident at its supplier Chuo Spring

JAPAN

Mitsui OSK Lines (9104 JT) - Co. provides notice concerning the acquisition of membership rights of LBC Tank Terminals Group Holding and change in specified subsidiary company, with acquisition price approximately USD 1.715bln. (Newswires)

Nissan (7201 JT) - S&P downgraded Co.’s credit rating downgraded to ‘BB’. (Newswires)

Sumitomo Corp (8053 JT) - Sumitomo Mitsui Finance and Leading will purchase helicopter lessor Macquarie Rotorcraft in a deal valued just over USD 1bln. (Nikkei)

Toyota (7203 JT) - Co. is to suspend production of 3 lines at 2 plants in Japan due to an accident at its supplier Chuo Spring. (Nikkei)

Other News - BoJ is reportedly leaning towards holding the key rate at the March meeting, according to a Bloomberg report on Friday citing sources which noted the central bank wishes to monitor the impact of the January hike and US policies, although no there is no final decision yet for March and they see wage developments as being within expectations. (Newswires)

SOUTH KOREA

Celltrion (068270 KS) - Co.’s OMLYCLO was approved by the US FDA as the first and only biosimilar with interchangeability designation referencing Xolair. (Newswires)

Other News - South Korean prosecutors decided not to appeal President Yoon’s release. (Newswires)

Geopolitical

North Korean Foreign Ministry said US and South Korean military exercises are a dangerous provocative act, according to KCNA. (Newswires)

North Korea unveiled a nuclear-powered submarine under construction for the first time which appeared capable of carrying 10 missiles. (Nikkei)

09 Mar 2025 - 23:54- MetalsGeopolitical- Source: Newswires