In today’s briefing:
- Ohayo Japan | Nvidia’s 5% Surge
- Nifty Below 200-DMA: A Sign of Bear Market or a Buying Opportunity?
- [Blue Lotus Daily-TMT Update]:NTES US/JD US/BABA US/PDD US/VIPS US/3690 HK/AMZN US
- Japan Morning Connection: Sony Eyeing Elden Ring as a PS Exclusive to Counter CoD on Xbox?
- China Housing: “Stabilize It”
- [Blue Lotus Daily]:300750 CH/1211 HK/JKS US/601012 CH/688599 CH/002459CH/1810HK/LI/NIO/XPEV/BEKE/ZTO
Ohayo Japan | Nvidia’s 5% Surge
- US stocks rallied on Tuesday, with the Nasdaq climbing 1%, bolstered by Nvidia’s nearly 5% surge ahead of earnings
- ASICS has significantly upgraded its medium-term management plan, raising the operating income target from ¥80 billion to ¥130 billion by December 2026
- Elliott Management, a US activist hedge fund, has acquired over 5% of Tokyo Gas shares, signaling potential discussions about the company’s asset portfolio
Nifty Below 200-DMA: A Sign of Bear Market or a Buying Opportunity?
- The NIFTY Index (NIFTY INDEX) has witnessed a significant decline, falling below its 200-DMA, a key technical indicator, for the first time since April 2023.
- Historical analysis reveals that Nifty has traded below this level approximately 30% of the time since 1996, suggesting that this occurrence is not as unusual as it might initially seem.
- While short-term market volatility is anticipated, historical data demonstrates that the Nifty has generally recovered strongly over longer timeframes following similar dips below its 200-DMA.
[Blue Lotus Daily-TMT Update]:NTES US/JD US/BABA US/PDD US/VIPS US/3690 HK/AMZN US
- NTES US: <Eggy Party> Launches on Nintendo Switch today (+)
- JD US/BABA US/PDD US/VIPS US/3690 HK: NBS publishes social retail consumption data for October 2024 (+/+/////-)
- JD US:JD.com Launches “On-Demand Delivery Flagship Stores” for Its On-Demand Retail Business (+)
Japan Morning Connection: Sony Eyeing Elden Ring as a PS Exclusive to Counter CoD on Xbox?
- SMCI +32% as it staves off delisting continues to set a positive tone for Nidec
- Sony reportedly looking to fully acquire Kadokawa points to more downside for Bandai Namco
- Highlights relative cheapness for Japanese game stocks as take-over targets
China Housing: “Stabilize It”
- There are more ‘less negative’ signs in the latest data for October/November sales, especially in the weekly data
- The policy measures for property, perceived broadly as rather underwhelming, suggest the goal of ‘stabilizing it’ remains clear, with caution about the excessive support for the sector
- In this note, we summarize where things stand with China housing – looking at home sales, prices, inventory, land, major cities, and the policy over the past few months
[Blue Lotus Daily]:300750 CH/1211 HK/JKS US/601012 CH/688599 CH/002459CH/1810HK/LI/NIO/XPEV/BEKE/ZTO
- 300750 CH/1211 HK/ JKS US/601012 CH/688599 CH/002459 CH:China cancels and reduces export tax rebate for certain China’s advantageous products, forcing production capacity to be rationalize and export prices to rise.(///////////)
- 1810 HK/LI US/NIO US/XPEV US: It is said that Geely Group is preparing to merge its hybrid and pure electric brands under Zeekr（///////）
- BEKE US:Mid-November Home Transaction Growth Remains Strong in First-Tier Cities, While Growth in Second- and Third-Tier Cities Slows Down (+)
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