December 23, 2024 at 01:51 am EST
(MT Newswires) -- Japanese shares rose, tracking US gains, as strong consumer spending in the US in November highlighted economic resilience, prompting the Fed to signal fewer 2025 rate cuts.
The Nikkei 225 rose 1.24%, or 479.44 points, to end at 39,181.34.
Signs of cooling US inflation emerged, with core inflation posting its smallest monthly rise in six months, though the annual rate remains above the Fed's 2% target.
However, concerns linger over President-elect Donald Trump's proposed tax cuts, tariffs, and immigration policies, which could stoke inflation further.
In corporate news, Mitsubishi HC Capital (TYO:8593) plans to transfer its Japan real estate finance business to subsidiary Mitsubishi HC Capital Realty through a simplified split, effective April 1, 2025, with minimal fiscal 2025 impact expected.
Daiwa Securities Living Investment (TYO:8986) will sell three rental properties in Sendai, Japan, for 3.4 billion yen in January 2025, generating a 1.47 billion yen profit. The properties will go to Taiheido Real Estate, J'S Estate, and Global Support Co.
Heiwa (TYO:6412) will acquire PJC Investments, owner of Accordia Golf, for 512 billion yen. The move strengthens Heiwa's golf business as it seeks to offset volatility in its pachinko segment.
Sumber : MT Newswires
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