In today’s briefing:
- Japan Weekly | Renesas, Mercari, Charts
- GEM Weekly (10 Feb 2023): Indonesia, Thailand, India, China, Malaysia Macro; Samsung, Baidu, Kakao
- SPAC Talk: The Peripheralization of De-SPACs
Japan Weekly | Renesas, Mercari, Charts
- Global stocks generally headed lower in the week as investors fretted about the prospect of further Fed tightening.
- Japanese stocks eked out a small gain on strong domestic earnings and robust corporate outlooks.
- The yen strengthened after it was reported that Kazuo Ueda will be appointed as the next BoJ Governor. He is generally considered more hawkish than his predecessor.
GEM Weekly (10 Feb 2023): Indonesia, Thailand, India, China, Malaysia Macro; Samsung, Baidu, Kakao
- 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:Indonesia GDP, Thailand inflation, Indian interest rates, Chinese inflation, Malaysian GDP growth
- Companies mentioned:Samsung Electronics (005930 KS), Baidu (9888 HK), Kakao Corp (035720 KS)
SPAC Talk: The Peripheralization of De-SPACs
- Deal terminations return to the spotlight. The past couple of months have seen a pickup in abandoned IBC deals.
- Following nine deal cancelations in December, the second-highest monthly total in 2022 behind 10 in August, the first five weeks of 2023 have seen eight deals bite the dust—four in January and four in the first week of February.
- There have been 69 deal terminations, with an aggregate deal value of ~$90 billion since the start of last year.
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