Asian Stocks Rise on Tech Gains Amid Slim Trading Volumes

Most Asian stocks rose on Tuesday, supported by gains in technology stocks as they tracked their U.S. peers, although trading volumes were slim before the Christmas break. Regional markets took positive cues from Wall Street, which closed higher on Monday as technology stocks recouped some of their steep losses from last week. U.S. stock index futures were flat in Asian trade.

Asian markets were nursing losses in recent sessions after the Federal Reserve flagged a slower pace of interest rate cuts in 2025- a scenario that bodes poorly for risk-driven assets. Honda and Nissan shares rallied after they confirmed on Monday that they were in talks over a potential merger, which will be completed in 2026. Honda’s shares rallied as much as 15%, also benefiting from the company announcing a 1.1 trillion yen ($7 billion) buyback. Nissan, on the other hand, traded flat after recouping a bulk of losses clocked earlier in the session. The stock had risen sharply on Monday after news of the merger first broke.The Honda-Nissan deal will create the world’s third-largest automaker by sales once completed. But analysts noted that a 2026 date for the deal was too cautious, especially given that the automakers were grappling with an extended decline in sales.Markets were holding out for more clarity on Beijing’s plans for stimulus measures in the coming year. Recent reports suggested that the country will ramp up fiscal spending to support economic growth. Data is now due in the coming days and is set to offer more cues on Asia’s largest economy.

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