In today’s briefing:
- Japan Weekly | Nikkei Surges 2.3%
- Chinese Chip Firms Play Down Impact of New U.S. Export Curbs
- The Ides of March in December
- AUCTUS ON FRIDAY – 06/12/2024
- WTR Small-Cap Spotlight Recap – Biopharma Trends for 2025
Japan Weekly | Nikkei Surges 2.3%
- Topix added 1.7%, driven by speculation that the Government Pension Investment Fund (GPIF) will increase its investment ratio in Japanese stocks
- Retail stocks notable performers this week as the TSE’s retail sector hit a year-to-date high, surging 21% since January
- Notable performers this week included Fujikura on street upgrades, Ito-en after announcing a new marketing campaign, and Ebara’s gaining recognition as a laggard
Chinese Chip Firms Play Down Impact of New U.S. Export Curbs
- Several companies in China’s semiconductor supply chain said new U.S. export restrictions aimed at crippling the country’s ability to produce advanced chips would have limited impact on their operations.
- The U.S. Department of Commerce on Monday added 140 companies, including 136 Chinese firms, to its Entity List, effectively banning them from accessing U.S. advanced chip and AI-related technology.
- The new rules also restrict exports of high-bandwidth memory, a core component for AI development.
The Ides of March in December
- Why the 6 hour martial law in Korea was called by President Yoon
- The negative impact of the President’s decision is one of many reasons for Korea to underperform into 1h25
- Corp Value Up plays are still attractive; for those looking to short, you might have to wait longer
AUCTUS ON FRIDAY – 06/12/2024
- AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.08 per share: US$100 mm guarantees highlight the value of the South Africa energy trading business – British International Investment (BII) and GuarantCo have announced a US$100 mm guarantee finance facility for Etana Energy, the South African electricity trading platform which is owned and was co-founded by Chariot (49%) and H1 Holdings (51%).
- Etana is one of the few companies holding an electricity trading licence in South Africa that can buy and sell electricity through the grid.
- Etana is therefore a required counterparty to power producers.
WTR Small-Cap Spotlight Recap – Biopharma Trends for 2025
- Political and regulatory uncertainty to start 2025. The pending health leadership in government will likely be the overarching theme for at least the first half of 2025.
- We have seen controversial Trump picks for the HHS, CMS, CDC, and NIH, bringing investor concerns over regulatory disruption and vaccine skepticism.
- The FDA pick was closer to a more traditional choice and could maintain current regulatory standards.
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