In today’s briefing:
- Japan Morning Connection: Nuclear News from Meta May Help Kansai After Settlement Day Selloff
- Ohayo Japan | Markets Mixed as Job Openings Surprise
- A Deep Dive into the Recent GDP Slowdown
- [Blue Lotus Daily-TMT Update]:BIDU US/SE US/MELI US/BABA US/4689 JP/PDD US/JD US
- Sa Listed Property Review – November 2024
- [Blue Lotus Daily]:BEKE US/BZ US/3690 HK/TCOM US/ATAT US/ZTO US/ BABA US/VIPS US
Japan Morning Connection: Nuclear News from Meta May Help Kansai After Settlement Day Selloff
- Microchip setting a downbeat tone for power and auto semi related.
- Big gains for JP SPE yesterday on China news may be set to continue.
- Seagate delaying some HDD production, although HAMR is progressing as planned.
Ohayo Japan | Markets Mixed as Job Openings Surprise
- US stocks closed mixed on Tuesday as the S&P 500 and Nasdaq hit fresh records amid mixed economic signals
- Job openings unexpectedly rose to 7.74 million in October, while Fed officials hinted at potential rate cuts.
- Microchip Technology (-7%) has revised its quarterly revenue guidance downward to $1.025 billion and plans to close its Arizona manufacturing facility by September 2025.
A Deep Dive into the Recent GDP Slowdown
- India’s Q2 FY25 GDP growth fell to 5.4% YoY, the lowest in seven quarters, signaling mounting economic challenges.
- Weak private consumption, sluggish investment, and subdued exports contributed to the slowdown. Manufacturing underperformed while agriculture and services provided some resilience.
- The slowdown underscores vulnerabilities in consumption and investment cycles. Targeted policy measures are critical to sustaining long-term growth amid rising inflation and global uncertainties.
[Blue Lotus Daily-TMT Update]:BIDU US/SE US/MELI US/BABA US/4689 JP/PDD US/JD US
- BIDU US: Baidu Receives Hong Kong Autonomous Driving Taxi Pilot License (/)
- SE US/MELI US/BABA US: Brazil e-commerce penetration rate rises 6.8ppts yoy during Black Friday (+/+/+)
- SE US/BABA US: Shopee to raise commission rates in Philippines (+/+)
Sa Listed Property Review – November 2024
- The South African listed property sector returned to positivity in November, rising by 1.69% (unfortunately Q4 2024 to-date remains negative at -1.05%).
- For the year to date the sector is up 28.37%, and on a one-year rolling period the index is up 43.85% as measured by the J803 All Property TR Index.
- SA listed property remains ahead of global listed property for 2024, with the FTSE EPRA Nareit Global Index’s TR of 3.48%, lagging the J803 TR Index by 18.99% in ZAR.
[Blue Lotus Daily]:BEKE US/BZ US/3690 HK/TCOM US/ATAT US/ZTO US/ BABA US/VIPS US
- BEKE US: Property Transactions Remained Strong in November, with Accelerated Growth in the Final Week.(+)
- BZ US/3690 HK/TCOM US/ATAT US: Manufacturing PMI Slightly Exceeds Consensus in November, While Service PMI Falls Below; Hiring Intentions Remain Low.(-/-/-/-)
- ZTO US/ BABA US/VIPS US: China parcel volume delivery grew 40% yoy in the prior week (+/+/+)
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