In today’s briefing:
- Ohayo Japan | Sell in May and Go Away?
- Rampant Credit Growth Drives Recovery in Indian Banks Despite Lagging Deposit Growth
- GEMWeekly (31 May 2024): Big Fund Sets up 3rd Chinese Chip Fund; China Macro, Naver, Flipkart, SEC
- The Internet as You Know It Is Dying
Ohayo Japan | Sell in May and Go Away?
- The Dow added around 575 points on Friday taking its gains for the month of May to end the month up 2.3%. The Nasdaq climbed 6.9%…what’s that old adage?
- SG Holdings announced a tender offer to acquire C&F Logistics Holdings at 5,740 yen per share, totaling around 123.7 billion yen ($788 million)
- Dalton Investments proposed a management buyout to take Japanese broadcaster Fuji Media Holdings private
Rampant Credit Growth Drives Recovery in Indian Banks Despite Lagging Deposit Growth
- Indian credit markets have been growing rapidly, with banks and non-bank financial institutions increasingly lending and servicing retail clients to meet the growing demand for retail loans from a population that has recovered strongly post Covid-19 pandemic.
- Indian financial institutions are filling the retail financing gap so fast that the Reserve Bank of India (RBI), India’s central bank, has had to introduce new regulation to maintain financial stability in the Indian banking system. However, improvement in underlying fundamentals and roaring capital markets are driving large increases in bank balance sheets and valuations respectively.
- Criat’s Credit Cycle Index (Criat CCI) for Indian banks has steadily improved more than 15bps since the middle of 2023, as the NIFTY Bank index reached new highs of INR 49,000.
GEMWeekly (31 May 2024): Big Fund Sets up 3rd Chinese Chip Fund; China Macro, Naver, Flipkart, SEC
- The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: Chinese industrial profits, PMI data, and property sale measures.
- Companies mentioned:Naver Corp (035420 KS), Flipkart Online Services (1398508D IN), Samsung Electronics (005930 KS)
The Internet as You Know It Is Dying
If you pay attention, the Internet has been a bit different lately. Many of the attributes and ways we once interacted with the internet is changing.
I probably noticed it the most when one of my favorite websites, subredditstats.com showed me this image the other day.
Reddit’s free API is closing. But so is X (formerly Twitter), and other properties all around the internet are slowly adding limits and closing their doors.
💡 Before it’s here, it’s on Smartkarma
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