Asia-Pacific markets begin Christmas week higher; Nissan-Honda merger deal in focus

Asia-Pacific markets started the Christmas week positively as investors awaited the official announcement of merger talks between Japanese automakers Honda and Nissan. The presidents of Honda, Nissan, and Mitsubishi have informed Japan’s industry ministry about entering into discussions, with a press conference expected later in the day. Honda and Nissan are set to hold board meetings to discuss business integration, aiming to reach a final agreement by June 2025, with Honda’s shares up 1.46% and Nissan’s slightly higher at 0.2%.

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