In today’s briefing:
- Musings On US-Listed China Plays
- Ohayo Japan | Resilience; Sony Sunsets PS5
Musings On US-Listed China Plays
- Seeing as though it is Chinese New Year week, I thought it might be appropriate to conduct a brief analysis of US-listed China plays.
- According to a recent US-China Economic and Security Review Commission report, 265 Chinese companies were listed on the NYSE, Nasdaq and NYSE American exchanges in January 2024 worth US$848bn.
- That’s down from 252 companies worth US$1.03tn a year ago, a 17.5% decline. 91% of the total market capitalization of Chinese firms listed on U.S. exchanges use VIEs.
Ohayo Japan | Resilience; Sony Sunsets PS5
- US stocks surprisingly resilient after sell-off. 10Y bond yield edges lower; Nikkei futures point to strong open
- Sony’s outlook for profit growth in the coming year looks unappealing. Management transitions the PS5 to end-of-life care.
- Japan’s diplomats are watching the yen – don’t they always; last intervention was at 152 to the dollar
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