In today’s briefing:
- Ohayo Japan | Tech Tumbles; MHI Develops Co2 Liquefaction
- SK Hynix Call Bad News for WDC
- China Property Developers In Distress – Weekly News & Announcements Tracker | 20-26 October 2023
Ohayo Japan | Tech Tumbles; MHI Develops Co2 Liquefaction
- Overseas: SPX -1.2%, Nasdaq -1.9%; Nasdaq now officially in correction mode; Meta warned of advertising softness
- Today: NKY Futs -0.1% v cash. JPY150.4; Denso to spend $3b on semicons by 2030; KHI revises down on P&W engine losses
- JapanX: Mitsubishi Heavy Industries and its subsidiaries are pioneering CO2 liquefaction from gas engine generators, advancing carbon neutrality goals and carbon capture technologies
SK Hynix Call Bad News for WDC
- SK hynix reported increased DRAM and NAND flash revenues in the third quarter, with DRAM’s price increasing about 10%
- NAND inventory is higher than DRAM’s so NAND production capacity will not be increased
- This bodes well for DRAM makers and poorly for NAND makers like WDC and Kioxia
China Property Developers In Distress – Weekly News & Announcements Tracker | 20-26 October 2023
- A weekly curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources
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