Daily Brief Thematic (Sector/Industry): Japan Stocks on the Move | Nikon and more

In today’s briefing:

Japan Stocks on the Move | Nikon, Renesas, Renova
GEM Weekly (22 Jul 2022): SA Repo Rate; IQIYI, ByteDance, Did Global, Baidu
China Healthcare Weekly (July22)-Jiangsu Province VBP, CStone’s Potential Sale, Irrational Mr Market

Japan Stocks on the Move | Nikon, Renesas, Renova

The Nikkei was up 4.2% over the past 5 days while the yen was slightly stronger (¥138.31 -> ¥136.05
Japan’s core consumer inflation stayed above the BOJ target of 2% for a third straight month in June as energy prices remain high. No change to BOJ policy.
Japan warns of rising security threats in annual defense report, including technology supply chains, Russia and China/Taiwan

The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
Macro data points:South African interest rates and inflation data
Companies mentioned:iQIYI Inc (IQ US), ByteDance (1439927D CH), DiDi Global (DIDI US), Baidu (9888 HK)

Jiangsu Provincial Medical Insurance Bureau organized the 7th round of centralized procurement of medical consumables, mainly including spring coil, endoscopic stapler, ultrasound knife and vacuum blood collection tube.
CStone Pharmaceuticals (2616 HK) is considering a potential sale of the business. We analyzed the logic behind this deal.
For biotech, Mr Market can never be rational enough to see the big picture. Maybe we should be “dumb”. Buy low and sell high works for all investors.

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