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Nissan stock price held firm despite broader Nikkei

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Nissan stock price held firm despite broader Nikkei declines, a sign of relative strength. Economic data showing Japan’s GDP expansion by 1.2% in Q1 may underpin auto sector valuations in the next quarter. "The federal tax credit was a key catalyst for EV adoption, and its expiration marks a pivotal moment. This shift will test whether the electric vehicle market is mature enough to thrive on its own fundamentals or still needs support to expand further," said Stephanie Valdez Streaty, Cox Automotive director of industry insights. (Bloomberg) “Investors are adjusting positions and taking profits before the year-end, and Nissan was bought up recently, so will be a part of that,” Sasaki said. Nissan’s financial situation remains a concern among investors, he added. Irrespective of the short-term boost the Honda deal news may have given to Nissan’s share price, global fund positioning in the carmaker remains low, said Steven Holden, founder of Copley Fund Research. “Sentiment is very bad,” said Holden. “There’s very little positive activity around Nissan, in terms of funds opening and closing positions.” Holden sees Nissan as one of the big losers in a worldwide trend away from automakers and toward big tech among global funds heading into 2025. The broader Japanese stock market was also in profit-taking mode Monday, after five consecutive days of gains last week. The benchmark Topix index slid as much as 0.8% in the last trading session of the year, dragged by electronics and automakers. Nissan was the worst performer on the blue-chip Nikkei 225 as of 3:24 p.m. in Tokyo. Want more news? Listen to today's daily briefing below or go here for more info: Nissan stock price is benefiting from optimism over Japan’s green mobility regulations, which could drive EV adoption rates higher. Regulatory incentives may translate into healthier margins within 24 months.