In today’s briefing:
- Ohayo Japan | Stocks Tumble; Japan Resilient in Face of Tragedy
- Semiconductor Outlook 2024: AI’s Adolescence
- [Blue Lotus Daily – TMT Update]: BABA/BIDU/700 HK/0728 HK/JD/VIPS/PDD/2618 HK
- [Blue Lotus Daily]: 1810 HK/XPEV/NIO/1211HK/LKNCY/1347.HK/688469.SH/603290.SH/605111.SH
- Fads and Second Acts
Ohayo Japan | Stocks Tumble; Japan Resilient in Face of Tragedy
- Overseas: SPX -0.8%, Nasdaq -1.2% extending losses for second day; Apple downgraded. 10Y yields above 4%.
- Today: NKY Futs -1.2% v cash. JPY143; Expect weak start to year’s trading. Oil prices up +3%
- Japan: Earthquake aftermath disrupts retail, services, and transport; 55 confirmed dead, with widespread destruction. Despite short-term challenges, Japanese equity markets historically resilient to earthquake impacts.
Semiconductor Outlook 2024: AI’s Adolescence
- The year 2023 began with a significant downturn in the semiconductor market.
- Significant capacity additions were brought on after the historic shortages due to COVID-19, and then demand wobbled as interest rates quickly rose.
- Supply outpaced demand, and the market turned into a period of oversupply.
[Blue Lotus Daily – TMT Update]: BABA/BIDU/700 HK/0728 HK/JD/VIPS/PDD/2618 HK
- BABA/BIDU/700.HK/0728.HK: Alibaba layoffs staff in hybrid cloud and IoT division (+/-/-/+)
- JD/VIPS/BABA/PDD/2618.HK: JD announces minimum 20% salary increase for retail group employees (-/-/-/-/+)
- JD/BABA/PDD/VIPS/2618.HK: JD also launched refund without returning the product for 3P merchants (+/-/-/-/-)
[Blue Lotus Daily]: 1810 HK/XPEV/NIO/1211HK/LKNCY/1347.HK/688469.SH/603290.SH/605111.SH
- 1810 HK/XPEV/NIO/1211HK: ZEEKR 007 hits the market, starting at 209,900 yuan (-)
- LKNCY: Luckin plans to set up the third roasting factory, with annual capacity of 55k tons.(+)
- 1347.HK/688469.SH/603290.SH/605111.SH: Analog Devices raising semiconductor prices by 10-20% for China customers (+)
Fads and Second Acts
- Beanie Babies, Tamagotchis, fidget spinners, heelys, silly bandz, pogs, pet rocks, mood rings, cabbage patch kids…
- Every generation has its share of fad products, fashion statements, and hairstyles.
- But what separates a fad from a sustainable trend? Understanding the difference between the two can be challenging.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
