November 28, 2024 at 01:51 am EST
(MT Newswires) -- Japanese shares rose on Thursday, lifted by a smaller-than-expected decline in China's industrial profits and hopes for Beijing stimulus to counter US tariff risks.
The Nikkei 225 gained 0.56%, or 214.09 points, to close at 38,349.06.
China's industrial profits dropped 10% year-on-year in October, improving from a 27.1% slump in September. Cumulative profits for the first 10 months slid 4.3%, compared to a 3.5% fall through September, data from the National Bureau of Statistics (NBS) showed.
Gains in equipment and high-tech manufacturing led the recovery, NBS statistician Yu Weining said.
Hino Motors (TYO:7205) plans to sell a 155,000-square-meter factory site in Hino City, Tokyo, to improve asset efficiency. The site, with a book value of 20 million yen, is expected to change hands in a deal finalized by February 2025.
Ispace (TYO:9348) said its Mission 2 RESILIENCE lunar lander has reached Florida for pre-launch preparations. The lander, carrying the TENACIOUS micro rover and commercial payloads, is slated for a January 2025 launch.
Drone services firm Terra Drone Corp. (TYO:278A) has set an IPO price range of 2,250 to 2,450 yen per share, valuing the company at 18.4 billion to 20 billion yen. The valuation is based on 8.16 million issued shares as of late October.

Sumber : MT Newswires