Hitachi Shares Rise 2% on Plans for New U.S. Transformer Plant and Increased Investment as Demand Grows (Stock Market on the 16th)

Hitachi shares rose 2% as news emerged that the company plans to build a new transformer plant in the United States and expand investment in response to rising demand. The Tokyo market rebounded.

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The story

The Nikkei Stock Average rebounded on the Tokyo stock market on the 16th for the first time in 4 trading days, closing at ¥63,923.00, up ¥438.90 from the previous day.

Hitachi shares traded 2% higher that day.

At a glance

Market developmentsThe Nikkei average closed at ¥60,323.00, up ¥438.90 from the previous day

StockHitachi shares closed 2% higher

PlanHitachi plans to build a new transformer plant in the United States and expand investment

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