Sunday, December 28, 2008

Nikkei Opens Lower On Monday

Japan's Nikkei index opened lower on Monday trading.

The year is puttering out with a whimper, no end of year rally to mention.

The news that Nissan is planning to build large-capacity lithium ion batteries supported by a $1.1 billion investment is interesting in that one must assume they have large plans for hybrids hopefully beyond the existing Altima which does not get amazing mileage, good but not amazing.

Reuters: Nikkei down 0.2 pct, insurers surge on merger talks
Japan's Nikkei average fell 0.2 percent on Monday, the last full trading day of the year...

NEC Corp surged 7.1 percent to 271 yen after the Nikkei business daily said it and Nissan Motor Co plan to invest 100 billion yen ($1.1 billion) or more to manufacture large-capacity lithium ion batteries.

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