PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan’s Health Ministry has drafted reform plans for drug prices, as it seeks to reduce prices for off-patent medicines

JAPAN

Hulic (3003 JT)
- Co. is expected to reach profit target 3 years ahead of schedule. (Newswires)

Mitsubishi Corp (8058 JT)
- Co. receives JPY 30bln rail car order in Philippines. (Newswires)

TDK Corp (6762 JT)
- Co. is to make an investment of JPY 100bln for rechargeable batteries. (Newswires)

Toshiba (6502 JT)
- Co. and Western Digital (WDC) continue to remain in dispute over chip unit sales. (Newswires)
- Co. is reportedly prepared to approve a USD 5bln recapitalization that would allow it to stay listed. (Newswires)

Pharmaceuticals
- Japan’s Health Ministry has drafted reform plans for drug prices, as it seeks to reduce prices for off-patent medicine. (Newswires)

Other News
- Japan’s government may seek to lower corporates tax rates to about 25% from 30% for firms that hike wages by 3% and make capital expenditures. (Newswires)
 

SOUTH KOREA

Samsung Biologics (207940 KS)
- Samsung Bioepis JV gets regulatory approval for Europe’s first Trastuzmab biosimilar. (Newswires)

Other News
- The South Korean government stated that a bird flu case was confirmed to be highly pathogenic and placed a travel ban on poultry and farm workers to prevent the further spread of the virus. (Yonhap)

Data Recap
- South Korea PPI (Oct) M/M 0.0% (Prev. 0.5%); Y/Y 3.5% (Prev. 3.8%)

19 Nov 2017 - 23:29- Research Sheet- Source: Newswires

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