The logo of Sony, the leading Japanese entertainment and electronics company, will be on display at its headquarters in Tokyo on May 14, 2025.
Kazuhironogi | AFP | Getty Images
Sony Financial Group shares rose 15.86% during its market debut on Monday after parent company Sony Group spun out of the unit.
Sony Financial Group shares were allocated a base price of 150 yen per share, and valued the company at about 1 trillion yen (over $6.7 billion). Sony said the separation will allow financial sectors, including Sony Life Insurance, Sony Assurance and Sony Bank, to raise their own growth capital while maintaining brand relationships with the wider Sony ecosystem, according to a Google-translated submission.
The parent cited competing demand for entertainment and semiconductor investments as an important reason for the financial units to operate independently.
The broad Japanese market has fallen Nikkei 225 After hitting record records on Friday, it closed trading day at 45,043.75, with Topix down 1.74% to 3,131.57.
Meanwhile, Australia’s S&P/ASX 200 closed at 8,862.80, up 0.85%.
A two-day policy meeting for the Reserve Bank of Australia is currently underway, with cash rates expected to stabilize at 3.6%, according to a Reuters poll.
“The RBA is likely to be in a more severe position than recent meetings. There is a real tension build in data flow,” the Federal Bank of Australia wrote in a memo, citing how the country’s August CPI demonstrates “significant risks to Q3 inflation” and the AA cyclical upward movement of activity data. However, CBA economists pointed to signs that softer employment and wage growth.
South Korea’s Kospi closed 1.33% at 3,431.21, recovering from a sudden fall over trade talks with Washington on Friday. The small Cosdaq was closed to the top at 846.71.
Hong Kong’S Hang Seng Index The mainland CSI 300 rose 1.54% to 4,620.05, jumping to 1.89% to 26,622.88.
Three major averages rose in the state on Friday following the release of significant US inflation data.
The Dow Jones industrial average rose 299.97 points (0.65%) to close at 46,247.29. The S&P 500 added 0.59% to close 0.59% at 6,643.70, but Nasdaq composites rose 0.44% to settle at 22,484.07.
The rally on Friday turned down a three-day losing streak due to the main index, but still ended the week. The Nasdaq Composite and S&P 500 slid 0.7% and 0.3%, marking the first loss week for each index four times. The Dow passed 0.2%.
—CNBC’s Pia Singh and Sean Conlon contributed to this report.
