In today’s briefing:
- Japan Morning Connection: US Semis and Tech Set a Bullish Tone for Japan’s SPE Majors
- Ohayo Japan | Fresh Highs
- Biopharma Week in Review – October 14, 2024
- Furniture/Furnishings Weekly – October 14, 2024
Japan Morning Connection: US Semis and Tech Set a Bullish Tone for Japan’s SPE Majors
- US semis and tech related setting a bullish tone for JP SPE with NVDA closing at record highs.
- Steep drop for oil to hit Japex, Index and refiners while US P&C strength should also be reflected in JP peers.
- Possible downside for Fujitsu with NTT Docomo announcing a pivot away from their base station equipment.
Ohayo Japan | Fresh Highs
- U.S. stock markets reached new heights on Monday, with the S&P 500 and Dow Jones Industrial Average setting fresh records.
- Tech stocks led the day’s gains, with chip giant Nvidia rising nearly 3% to close at a new high above $138 per share
- Shin-Etsu Chemical, the leading silicon wafer producer, plans to enter semiconductor manufacturing equipment business.
Biopharma Week in Review – October 14, 2024
- We review last week’s biopharma news for meaningful clinical data, regulatory updates, research innovation, and M&A.
- Last week, SRRK gained from muscle-building data in SMA, with positive read-through for obesity and BHVN.
- WW joined HIMS in selling NVO GLP-1 copies, while the FDA backed off on LLY copiers after a lawsuit.
Furniture/Furnishings Weekly – October 14, 2024
- Furniture and furnishing stocks underperformed the broader market this week.
- The Water Tower Research Commercial/Contract Furniture Index (-0.5%), Residential Manufacturers & Suppliers Index (-2.4%), and Home Goods Retailers Index (-1.1%) trailed the DJ30 and S&P 500 (both +2.1%) and the R2K (+1.7%).
- The Water Tower Research Mass Retailers Index was up (+3.2%).
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