In today’s briefing:
- Ohayo Japan | Markets Soar on Job Data and Micron Boost
- SEBI on Futures &Options Trends
- Japan Morning Connection: China Related Names Set to Continue Gains
- China Crosses the Rubicon – Direct Payments to Kickstart Consumption
- China Property Developers In Distress – Weekly News & Announcements Tracker | Sep 21-26, 2024
Ohayo Japan | Markets Soar on Job Data and Micron Boost
- Stocks rallied on Thursday, with the S&P 500 climbing 0.40% to a record high of 5,745, driven by strong U.S. economic data and corporate earnings
- Shares of Super Micro Computer fell over 12% after a Wall Street Journal report revealed a Justice Department investigation into alleged accounting manipulations
- Nissan will acquire an additional 5.03% of its shares from Renault for ¥79.8 billion, reducing Renault’s stake further
SEBI on Futures &Options Trends
- On 23-Sep-24, SEBI released a study on Trends in Equity Derivative segment.
- In FY24, Proprietary traders earned the highest gross profit, followed by FPIs while the individual category faced the largest gross loss.
- In FY24, 91.1% of individuals incurred net losses in F&O trading, slightly improving from 91.5% in FY23 and 90.2% in FY22.
Japan Morning Connection: China Related Names Set to Continue Gains
- Big gains for semi related after Micron’s big beat, although the lions share of this may have priced in during Asian trading yesterday.
- China related names in Japan look set to continue gains with HSI futures strong overnight and names like Estee Lauder +10% and L’Oreal +7% overnight.
- Election day in Japan, with voting kicking off at JST, results, or at least a strong indication should be known before market close today.
China Crosses the Rubicon – Direct Payments to Kickstart Consumption
- Obvious policy efforts are being made to drive consumption and improve consumer confidence.
- Previous attempts have resulted in increased savings but policy direction has changed
- Beaten-Up consumer names have a good risk-reward at this stage
China Property Developers In Distress – Weekly News & Announcements Tracker | Sep 21-26, 2024
- This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to the sources
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