Asia stocks rise on US inflation cheer; Honda-Nissan merger in focus

Investing.com-- Most Asian stocks rose on Monday, tracking gains in Wall Street after softer U.S. inflation data spurred bets that interest rates will still fall in the coming year.data- the Federal Reserve’s preferred inflation gauge- read softer than expected for November. The reading helped ease some concerns that U.S. rates will fall at a slower pace in 2025, especially after the Fed struck a hawkish tone during a meeting last week.

The merger has the potential to create the third-largest global automaker by sales, and is being considered as Honda and Nissan grapple with increased competition and softening sales, especially in top auto market China. Chinese markets were sitting on some gains in recent sessions after Beijing offered up more assurances that it will ramp up fiscal spending in 2025 to support economic growth.added 1.5% and was the best performer in the region, as investors bought into heavily discounted stocks after local markets were walloped by heightened political uncertainty earlier this month.

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