December 04, 2024 at 01:41 am EST
(MT Newswires) -- Japan's equity markets gained ground Wednesday after South Korea's finance ministry pledged "unlimited" liquidity to steady financial markets following President Yoon Suk Yeol's reversal of martial law.
The Nikkei 225 gained 0.07%, or 27.53 points, to close at 39,276.39.
The policy shift followed emergency talks between Finance Minister Choi Sang-mok and Bank of Korea Governor Rhee Chang-yong.
The central bank approved swift credit market rescue measures after Yoon's martial law declaration Tuesday, citing threats to constitutional order.
Military restrictions on protests, media, and parliament drew global criticism and domestic defiance, forcing Yoon to rescind the decree within hours.
In economic updates, Japan's service sector expanded in November, with the au Jibun Bank Services PMI rising to 50.5 from 49.7 in October, driven by domestic demand. Employment grew at its fastest since July, while inflationary pressures reached a six-month high.
The composite PMI edged up to 50.1, signaling private sector stabilization as services offset weak manufacturing.
On the corporate front, Japan Prime Realty Investment (TYO:8955) secured 4 billion yen in loans, including 2 billion yen in green financing from SBI Shinsei Bank at a fixed 1.3925% rate, maturing Dec. 3, 2032, to support sustainability goals, the company said in a Tuesday filing.
Okabe (TYO:5959) revised its 2024 forecast, now projecting an attributable loss of 1 billion yen instead of a 2.8 billion yen profit, due to a 2.2 billion yen extraordinary loss from a US lawsuit settlement, according to bourse disclosures.
Enechange (TYO:4169) borrowed 766 million yen and 369 million yen from SMBC and 606 million yen from Aozora under its commitment line for EV charging operations, with repayment due by March 31, 2025, the firm said Tuesday.
Sumber : MT Newswires
powered by: IPOTNEWS.COM
