PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) plans to invest USD 15.5bln in India through 2032 to expand manufacturing, R&D and other operations amid intensifying competition and declining market share
The report covers Japan company developments and a reported BoJ stance, alongside Hyundai’s planned India investment and other South Korean corporate and regulatory news.
News detail
JAPAN ANA Holdings (9202 JT) - Boeing (BA) is set to begin deliveries of 737 MAX aircraft to the Co. in December, with both companies working to strengthen quality controls. (Nikkei) Fujifilm Holdings (4901 JT) - Co.'s JPY 1tln investment in its biomedical business is facing scrutiny amid declining profitability and concerns over returns. (Nikkei) Hulic (3003 JT) - Co. proposed to acquire the remaining 49.13% stake in Riso Kyoiku Group (4714 JT) from Surugadai Gakuen Educational Corporation and other shareholders for JPY 24.8bln. (Newswires) Mitsui Fudosan (8801 JT) - Co. is targeting Japan's first commercial deployment of a next-generation closed-loop geothermal power system, which could enable development in areas unsuitable for conventional geothermal projects. (Nikkei) Other News BoJ is reportedly set to push back against consecutive interest-rate hikes in October, while potentially revising its description of the 2% inflation target from "approaching 2%" to "approximately 2%". Financial developments remain in line with expectations, although underlying inflation continues to rise. A December rate move remains possible, with caution needed to avoid overshooting the 2% inflation target. (Bloomberg) SOUTH KOREA Hyundai Motor (005380 KS) - Co. plans to invest USD 15.5bln in India through 2032 to expand manufacturing, R&D and other operations amid intensifying competition and declining market share. (Nikkei) Samsung Electronics (005930 KS) - Co. Chairman Lee Jae-yong is set to receive 11.16mln shares worth KRW 2.6tln (USD 1.94bln) from his mother, Hong Ra-hee, on 12th November; separately, activist investor Palliser Capital has urged the Co. to issue ADRs to fund the repurchase of preferred shares. (Yonhap, Newswires) SK Inc. (034730 KS) - Michael Dell's investment fund reportedly acquired a 1.34% stake in the Co. for USD 380mln from Chairman Chey Tae-won. (Seoul Economic Daily) Other News South Korea's privacy watchdog has launched an inspection into Chinese automaker Zeekr's handling of users' personal information, according to the watchdog's chief. (Yonhap)
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