In today’s briefing:
- Ohayo Japan | Day 3 of Losses
- Japan Morning Connection: Tesla Big Beat and SK Hynix Numbers to Buoy Sentiment
- # 67 India Insight: Reliance Infra in Defence, Bharti Airtel CCI Nod, Naveen Jindal Cement Expansion
Ohayo Japan | Day 3 of Losses
- Stocks dropped sharply on Wednesday, with the Dow Jones Industrial Average experiencing its worst day in over a month
- All three major indexes logged their third consecutive day of losses on soaring Treasury yields, with the 10-year yield hitting 4.25%
- Lam Research (LRCX US) shares rose nearly 4% after hours following better-than-expected Q1 earnings and revenue.
Japan Morning Connection: Tesla Big Beat and SK Hynix Numbers to Buoy Sentiment
- Apple down hitting suppliers, with ARM and Qualcomm spat taking both lower. Watch Softbank for weakness.
- Tesla earnings smashing it out of the park, will help buoy EV related including Nidec – whose own numbers yesterday were positive.
- Texas Instruments +4% on numbers beat should help industrial elec names such as Rohm and Fuji Elec, despite lingering concerns.
# 67 India Insight: Reliance Infra in Defence, Bharti Airtel CCI Nod, Naveen Jindal Cement Expansion
- Naveen Jindal Group to Invest INR 2,160 Crore in Cement Expansion
- Bharti Airtel Secures CCI Nod to Raise Stake in Indus Towers
- Reliance Infrastructure to Invest INR 10,000 Crore in Defence Manufacturing
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
