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Japan Stocks Fluctuate as Chip Shares Follow US Peers Higher
Tuesday, 24 December 2024 09:18 WIB | MARKET UPDATE |Japan Topix

Japan's stocks fluctuate as semiconductor-related companies followed their US peers higher, while real estate names and other firms dependent on domestic demand fell.

Topix rose 0.1% to 2,729.71 as of 9:17 a.m. Tokyo time

Nikkei 225 advanced 0.1% to 39,215.63

In a thin US trading session at the start of a holiday-shortened week, the S&P 500 finished near session highs.

Honda Motor contributed the most to the Topix's gain, increasing 13% after announcing it will buy back as much as ¥1.1 trillion of shares. Honda has sketched plans for a deal that amounts to an acquisition of Nissan Motor.

Out of 2,125 stocks in the Topix, 818 rose and 1,135 fell, while 172 were unchanged.

Source: Bloomberg

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