In today’s briefing:
- Ohayo Japan | More Records
- China’s Hydrogen Economy: Re-Igniting Interests
- Trading Up | Mar 3, 2024
Ohayo Japan | More Records
- US Stocks end higher on Friday, with the S&P 500 and Nasdaq rising to new records
- Sakura Internet emerges as latest AI play with high-powered cloud services. Stock up 93% over past month
- Japanese auto makers see continued strong US auto sales; Nissan potentially to invest $400m in EV truck maker, Fisker
China’s Hydrogen Economy: Re-Igniting Interests
- Supportive policies from central and local governments on the development of the hydrogen energy industry have boosted the share prices of the sector (up 12.3% YTD).
- Inner Mongolia has eased regulations on electrolysis water hydrogen production projects while Shandong has waived hydrogen-powered vehicle tolls on highways.
- Beijing SinoHytec (2402 HK), Weichai Power (2338 HK), Dongyue Group (189 HK), CIMC Enric (3899 HK), and Dongfang Electric (1072 HK) have recorded good progress in hydrogen business.
Trading Up | Mar 3, 2024
- The last week saw the return of mega SPAC deals, with a SPAC announcing plans to take an online trading platform public, and the brand management business of an airline going public through a merger with a blank-cheque firm.
- Also, a SPAC switches merger targets, and Trump’s media firm gets sued by its co-founders. Read on to find out the latest about all things SPACs.
- New York-based online brokerage Webull is going public through a merger with SPAC SK Growth Opportunities Corporation in a deal valuing the firm at $7.3 billion.
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