Honda and Nissan Enter Merger Talks as Honda Announces $7 Billion Share Buyback

Asian markets see mixed performance during holiday-shortened week, with Wall Street buoyed by tech gains.

Honda and Nissan have initiated discussions to merge, with Mitsubishi Motors also joining the talks to explore business integration.
Honda announced a $7 billion share buyback, boosting its stock by over 16%, while Nissan shares dipped slightly by 0.1%.
Asian markets showed mixed results, with Hong Kong and Shanghai indices rising, while Japan's Nikkei and South Korea's Kospi declined.
U.S. markets ended higher on Monday, driven by tech sector gains, with the S&P 500 up 0.7% and the Nasdaq climbing 1%.
Consumer confidence in the U.S. fell in December, while inflation concerns and interest rate uncertainties loom as key factors heading into 2025.