Nissan and Honda's merger plan failed, and their share prices soared

Nissan Motor President Makoto Uchida has informed Honda President Toshihiro Mibe of the decision to terminate the merger, bringing the merger plan of the world's third largest automaker to a hasty end. However, surprisingly, after the announcement of this news, the share prices of Nissan and Honda both soared, with Nissan rising 8.7% and Honda rising 9%.