December 09, 2024 at 01:49 am EST
(MT Newswires) -- Japanese shares gained on Monday after revised data showed the economy grew faster than expected in the third quarter, driven by stronger investment and exports.
The Nikkei 225 rose 0.12%, or 45.03 points, to close at 39,136.20.
Revised figures put annualized GDP growth at 1.2% in the July-September period, beating forecasts, while quarter-on-quarter growth improved to 0.3% from 0.2%. Domestic demand added 0.5 percentage points to growth, but external demand shaved off 0.2 points.
Capital investment dipped 0.1%, slightly better than the initial estimate, while consumption rose 0.7%, below the preliminary 0.9% figure.
Meanwhile, October's current account surplus was 2.457 trillion yen, down 13% year-on-year but above September's 1.717 trillion yen. Exports increased 2.9% to 9.366 trillion yen, while imports eased to 9.521 trillion yen.
Bank of Japan data showed loans outstanding in the country rose 3% year on year in November to 626.9 trillion yen. Loans provided by major and regional banks accounted for 549.1 trillion yen of the total, up 3.3%.
On the corporate side, Sun Corp. (TYO:6736) disclosed it received 3.49 million shares from Nasdaq-listed affiliate Cellebrite as part of a merger-related compensation adjustment.
Sparx Group (TYO:8739) reported a 2.2% monthly increase in assets under management to 1.912 trillion yen in November, a 40.5 billion yen rise.
Timee (TYO:215A) launched new security measures for its job-matching platform, aiming to curb unauthorized use.
Sumber : MT Newswires
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