Daily Brief Thematic (Sector/Industry): Ohayo Japan| SPX -2.3%WoW; Buffett Buying UST; NUGGET:Motorcycle Electrification - Honda Roars Ahead and more

In today’s briefing:

Ohayo Japan| SPX -2.3%WoW; Buffett Buying UST; NUGGET:Motorcycle Electrification – Honda Roars Ahead
Big Gains for Big Retail in Japan
China TMT Update-XPEV/NVIDIA/BEKE/ATAT-Xpeng ADAS Head to Join Nvidia/Surge of Hotel ADR

Ohayo Japan| SPX -2.3%WoW; Buffett Buying UST; NUGGET:Motorcycle Electrification – Honda Roars Ahead

OVERSEAS. SPX500 fell on Friday, and closed -2.3%WoW; July jobs report showed cooling in the labor market; Apple -4.8% weighed on market sentiment; Reports that Buffet buying short dated UST.
JAPAN. NKY Futures -0.8% vs Cash; USDJPY 141.8; Strong JP earning season so far- NP +20%YoY; Investors favor Japan> China; Oasis’s Fischer says still more to be done with Governance.
NUGGET. Honda is ahead of their motorcycle electrification strategy vs Japanese competitors. With the #1 global share and 2.7 trillion yen in sales, they CANNOT afford to be left behind.

Retail results for FY2022-23 are now in and a summary analysis of all major retail sectors and retailers is available below.
The data shows a big improvement in performance for retailing overall, with the highest growth rates since 1990, even if some of this growth was thanks to higher prices.
2023 already looks like being another strong year across both consumer discretionary and staples.

XPEV/NVIDIA: Xpeng ADAS head to join Nvidia ( – /+)
Real Estate Industry Update: Zhengzhou announced 15 supportive policies on real estate industry, including suspending the home selling restrictions, and others. Minor positive: KE Holdings (BEKE US, BUY, TP US$22）
ATAT: Popularity of summer vacation continued in July, and the supply shortage resulted in the surge of hotel ADR（+）

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