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Nikkei Peaks as Investors Examine Deal

Asia markets closed mixed, with Japan’s Nikkei 225 jumping to a fresh record.

The Nikkei popped 1,103.90 points, or 1.6%, to 72,353.96.

In Hong Kong, the Hang Seng index gave up 156.29 points, or 0.7%, to 23,768.52.

Shares of Korean Air fell more than 3% after it reportedly said the integration costs for its unit, Asiana, could reach one trillion won.

Korean Air said at an investor relations session that estimated costs could range from 900 billion won to one trillion won, while annual synergy effects from the merger are projected to reach around 300 billion won, Yonhap reported.

The airline expects synergies from the merger with Asiana to offset the expense as early as the end of 2028.

In other markets;

In Shanghai, the CSI index hiked 118.06 points, or 2.4%, to 5,059.66.

In Korea, the Kospi index recovered 62.13 points, or 0.7%, to 9,114.53.

In Singapore, the Straits Times 50 index regained 11.31 points, or 0.2%, to 5,204.01.

The Taiex index in Taiwan roared ahead 1,276.31 points, or 2.8%, to 47,741.81.

In New Zealand, the NZX 50 docked 49.58 points, or 0.4%, to 13,446.05.

In Australia, the ASX lost 12.53 points, or 0.1%, to 8,816.14.