Asia-Pacific stock markets mostly rose on Thursday, with many markets remaining closed on Boxing Day.

Japanese Nikkei 225 Index rose 1.12% to close at 8,220.9 points, while the Topix rose 1.20% to close at 2,766.78 points, a day after reports that the country was preparing Record-breaking $735 billion budget The fiscal year begins in April. A draft reviewed by Reuters showed the budget would take into account increased social security and debt service charges.

Additionally, on Wednesday, Bank of Japan Governor Kazuo Ueda said, “The Japanese economy will be closer to sustainable development Stable 2% inflation (2025) with rising wages. “

Japan’s 10-year government bond yield rose 1.3 basis points to 1.078%, while the yen strengthened to 157.16 against the dollar on Thursday, indicating that the market expected the Bank of Japan to raise interest rates.

Japanese automaker stocks Nissan and Honda Increases of 6.58% and 3.84% respectively. Both companies have started Formal negotiations to merge Earlier this week, it could become the world’s third-largest automaker by sales.

shares Japan AirlinesMeanwhile, it closed down 0.24% After delays caused by cyber attack Domestic and international flights. Its systems are now back to normal.

Korean Cospi The KOSDAQ fell 0.44% to close at 2,429.67 points, while the KOSDAQ fell 0.66% to close at 675.64 points. The country’s main opposition party, the Democratic Party A bill to impeach Acting President Han Deok-soo has been submitted, The vote will take place on Friday, Yonhap News Agency reported.

Alibaba Group Holdings Emart’s South Korean business is about to merge with Emart’s e-commerce platform to consolidate its position in the country’s fast-growing online retail market, Bloomberg reported, citing sources. Emart shares closed up 5.45%.

CSI 300 rose slightly to close at 3,987.48 points World Bank raises country’s GDP growth forecast 2024 and 2025, reflecting recent policy adjustments. China’s GDP is currently expected to grow by 4.9% in 2024, higher than the previous forecast of 4.8%. In 2025, China’s GDP is expected to grow by 4.5%, higher than the organization’s previous forecast of 4.1%.

Efforts to stabilize and contain the decline of China’s real estate market By 2025, the Chinese government will still insist on announced on wednesday. These measures will include controlling the supply of commercial housing and optimizing supply.

Singapore manufacturing output Driven by the strong performance of the electronics industry, November increased by 8.5% year-on-year, the fifth consecutive month of growth. However, the figure was below Reuters’ forecast of 10% growth. On a seasonally adjusted basis, the country’s manufacturing output contracted 0.4% month-on-month, while Reuters expected a growth of 0.8%.

Markets in Australia, New Zealand and Hong Kong were closed for the Boxing Day holiday.

U.S. markets were closed overnight for Christmas. Stocks rose on Tuesday, ahead of Christmas, as markets continued their gains during the holiday week.

this S&P 500 Index Increased 1.1% to 6,040.04, Dow Jones Industrial Average It rose 390.08 points, or 0.91%, to 43,297.03 points. this Nasdaq Composite Index Up 1.35% to 20,031.13, benefiting from a 7.4% gain Tesla stock.

Tuesday marks the start of the seasonal Santa Claus rally, which occurs during the last five trading days of the year and the first two trading days of January.

—CNBC’s Li Yun and Sean Conlon contributed to this article.