Toyota Motor (TM.US) plans to invest 6 trillion yen to acquire Toyota Industries, and trading has been suspended after hitting the limit up.

The Chairman of Toyota Motor, Akio Toyoda, proposed an acquisition suggestion, valuing Toyota Industries at 6 trillion yen, which is 40% higher than its Market Cap; thereafter, the stock price of Toyota Automatic Loom Works may soar.

Zhitong Finance23:05 ET

The Nikkei average is up about 260 yen, with the top gaining stocks being Shin-Etsu Chemical, Ryohin Keikaku, Toyota, ETC.

On the 28th, around 11 AM, the Nikkei average stock price was trading at around 35,970 yen, approximately 260 yen higher than the previous weekend. At 9:34 AM, it hit 36,075.26 yen, up 369.52 yen. Afterwards, due to a lack of clues, it seems to be pushed down by selling as it waits for a rebound. The dollar-yen exchange rate is in a range of 143.70 yen, showing little movement. Among the stocks included in the Nikkei average, Shin-Etsu Chemical <4063.T>, Ryohin Keikaku <7453.T>, and Toyota <.

Kabushiki Shimbun22:02 ET

Hong Kong stock movement | SINOTRUK (03808) rose over 3% after signing a Global Strategy cooperation agreement with Toyota Motor, aiming to establish extensive collaboration in areas such as hydrogen fuel Commercial Vehicles.

SINOTRUK (03808) rose over 3%. As of the time of writing, it increased by 3.02%, priced at 18.42 HKD, with a transaction amount of 11.5338 million HKD.

Zhitong Finance21:41 ET

Toyota Industries Shares Poised to Surge on Potential Buyout

Yahoo Finance21:33 ET

The Nikkei average is up about 180 yen, but after the buying spree, it seems to be facing resistance at higher levels = session before noon on the 28th.

On the 28th at around 10:02 AM, the Nikkei Stock Average was trading around 35,890 yen, up about 180 yen compared to the previous weekend. At 9:34 AM, it reached 36,075 yen and 26 sen, up 369 yen and 52 sen, marking the first time in about a month that it has recovered to the 36,000 yen range during trading hours since the first of the month. On the local market on the 25th, U.S. markets saw gains in technology stocks, with the NY Dow and the Nasdaq Composite Index both rising for four consecutive days. Japanese stocks also saw early buying thanks to the rise in U.S. stocks and stability in the foreign exchange market. However, Buy

Kabushiki Shimbun21:06 ET

Toyota Motor Hits 4-week High

Trading Economics20:15 ET