Daily Brief Thematic (Sector/Industry): Good Morning Japan |Equities DEFY Yield Rise; Tesla Master Plan-Details Absent; NUGGET: U-Next(9418) and more

• OVERSEAS. US Equities rise, defying higher yields and further yield curve inversion;  Fed’s Bostic out again – talking of a summer pause; Telsa Day: Musk’s Master Plan lacking details
• JAPAN. NKY Futs +0.7% vs Cash; USDJPY Weakens to ¥136.8 on stronger USD;  Expectations rise  BOJ Policy Change in June;  Invidual invetors shifting to risk assets; Strong Retail SSS
• NUGGET:Japan Video Streaming Wars: U-Next(9418) well positioned to flourish as consolidation kicks off in earnest.

In the next installment of our Webinar Wednesdays, we go live with Smartkarma Insight Provider, Alec Tseung as he shares more about his thoughts on the Insurance Opportunities in China. From the trends in the industry, to its major players and catalysts, join us in this next installment as we dive deep into the topic alongside Alec.

The webinar will be hosted on Wednesday, 8 March 2023, 17:00 SGT/HKT.

Alec Tseung is a Fintech & EM-focused Analyst. He previously spent time with Tencent, where he was responsible for the group’s investments in the overseas markets (Southeast Asia, the Middle East, and Europe). Prior to Tencent, he was in the Principal Investments team at Swiss Re, where he focused on driving the group’s investments into financial services and Fintech sectors in APAC. He has been responsible for a wide range of investments and transactions (venture/growth, buyout, direct secondaries, etc.) totalled >$5 billion.

• The metals and mining market took a breath after a strong January with gold and copper pulling back 5% and 3%, respectively
• As full-year earnings roll in, the effects of inflation are taking hold with costs rising dramatically and earnings missing expectations
• Despite the February slowdown, we anticipate 2023 to be a standout year for both precious metals and base metals and encourage investors to position themselves accordingly