December 12, 2024 at 02:43 am EST
(MT Newswires) -- Japanese shares rallied more than 1% on Thursday as investors bet on a US Federal Reserve interest rate cut next week, fueled by recent US inflation data.
The Nikkei 225 index climbed 1.21%, or 476.91 points to close at 39,849.14.
US inflation has shown signs of cooling, with core inflation remaining stagnant for four months. However, the threat of potential tariffs lingers, casting a shadow over the future inflation outlook.
On the corporate front, Nippon Life Insurance is set to acquire the remaining stake in Resolution Life Group for $8.2 billion, marking its largest overseas deal. Additionally, the insurer is buying a 20% stake in MLC Life from National Australia Bank.
Digital Hearts (TYO:3676) anticipates a 400 million yen gain from the sale of its subsidiary, Identity, leading to a revised financial forecast for the fiscal year ending March 2025.
SBI Rheos Hifumi (TYO:165A) and Schola have joined forces to establish Finup, an online financial education platform. The venture aims to capitalize on the growing investment interest sparked by the new NISA account.

Sumber : MT Newswires